We've got a very obvious head and shoulders pattern forming here with a clear cut ABCD pattern in play.
Good trade opportunity for a few days to reach the trend line which also lines up with a 61.8 retracement on the larger swing. Expect smaller retracements in the shorter time frame likely with their own ABCD patterns playing out inside providing extra entry points.
Follow for more charts and setups which will be increasing in frequency very soon.
Good trade opportunity for a few days to reach the trend line which also lines up with a 61.8 retracement on the larger swing. Expect smaller retracements in the shorter time frame likely with their own ABCD patterns playing out inside providing extra entry points.
Follow for more charts and setups which will be increasing in frequency very soon.