This potential shoulder has not come down to the neckline enough for a break below.
This box here shows the support of the buyers.
H&S is normally a strong reversal pattern to the downside. But I can't see this happening to be honest.
Tuesday should give us some good price moving news.
If the Bill is not passed I could see the head and shoulders pattern come into effect and a move to the downside. But for now assume sideways consolidation.
I am very long on Telcoin.
It's an insanely promising project.
This box here shows the support of the buyers.
H&S is normally a strong reversal pattern to the downside. But I can't see this happening to be honest.
Tuesday should give us some good price moving news.
If the Bill is not passed I could see the head and shoulders pattern come into effect and a move to the downside. But for now assume sideways consolidation.
I am very long on Telcoin.
It's an insanely promising project.
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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.