Looking at South 32, we may derive the following from the weekly chart:
1. A noticeable h&s pattern had been formed over the past 2 years.
2. Price is on the neckline support.
3. A push down should trigger the technical pattern.
4. It's pretty dangerous to trade it now, wait for confirmation.
5. As always - maintain your risk management.
Let's see what happens.
Note: The views provided herein do not constitute financial advice.
1. A noticeable h&s pattern had been formed over the past 2 years.
2. Price is on the neckline support.
3. A push down should trigger the technical pattern.
4. It's pretty dangerous to trade it now, wait for confirmation.
5. As always - maintain your risk management.
Let's see what happens.
Note: The views provided herein do not constitute financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.