This Analysis is Based On Price Action Theory.
This analysis indicates that the price is moving in an ascending channel with multiple pullbacks & bouncebacks. We found an inverted head & shoulders pattern during this analysis.
Both shoulders & head have already been completed & the price is moving toward the nickel line. If the price breaks the neckline, we have a target for the upside near 0.68344. However, if the price fails to break the neckline then we have two target prices near the downside, 0.66712 & 0.65849
This analysis indicates that the price is moving in an ascending channel with multiple pullbacks & bouncebacks. We found an inverted head & shoulders pattern during this analysis.
Both shoulders & head have already been completed & the price is moving toward the nickel line. If the price breaks the neckline, we have a target for the upside near 0.68344. However, if the price fails to break the neckline then we have two target prices near the downside, 0.66712 & 0.65849
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As per head & Shoulder Rule structure have been completed.
