The end of the week is showing a reversal candelstick pattern: the piercing line. In fact, the week opened below the closing of the previous week and it closed abive the mid-line of the previous week. This indicates that bulls overwhelmed bears this week.
Moreover as you can see from my latest idea, there is a reversal head and shoulder formation in the H1 timeframe, with neckline at 0.795$.
I am extremely confident that this line of resistence will be broken next week and the bullish trend reversal will start
Moreover as you can see from my latest idea, there is a reversal head and shoulder formation in the H1 timeframe, with neckline at 0.795$.
I am extremely confident that this line of resistence will be broken next week and the bullish trend reversal will start
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Le mie analisi tecniche sono potenziate dal Forecaster Terminal di Forecaster.biz. Ottieni il 10% di sconto sul tuo abbonamento con il codice FRAMER10. Scopri di più cliccando su questo link:
forecaster.biz/y/FRAMER10?coupon=FRAMER10
forecaster.biz/y/FRAMER10?coupon=FRAMER10
Related publications
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.