The price has completed the formation of an inverse head and shoulders pattern, with the final breakout occurring last week.
Volume confirms the validity of the pattern.
The distance from the head to the neckline projects a target toward a new all-time high (ATH).
As often happens after a breakout, a retest of the neckline may occur, which could present a good entry or accumulation opportunity
Volume confirms the validity of the pattern.
The distance from the head to the neckline projects a target toward a new all-time high (ATH).
As often happens after a breakout, a retest of the neckline may occur, which could present a good entry or accumulation opportunity
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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.