Hi folks!
After forming a Head and Shoulder pattern, it failed to break down the 319.6 zones, it could break only on May 25. Afterward, a downtrend started. As you can see from the chart, we are still in a down-trend which started on May 15. But taking the indicators into account, we might see a trend reversal (mid-term).
We have to watch carefully if it breaks the trend-line or it will keep going in the direction of the 292 territories.
Monday will tell us.
I hope you can make good trades out of it.
After forming a Head and Shoulder pattern, it failed to break down the 319.6 zones, it could break only on May 25. Afterward, a downtrend started. As you can see from the chart, we are still in a down-trend which started on May 15. But taking the indicators into account, we might see a trend reversal (mid-term).
We have to watch carefully if it breaks the trend-line or it will keep going in the direction of the 292 territories.
Monday will tell us.
I hope you can make good trades out of it.
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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.