Potential head and shoulders pattern formation.
Watch price action for retest of support at 82.305 to complete pattern. If it breaks the neckline (yellow line) expect a retest and and bearish price action to follow.
Watch price action for retest of support at 82.305 to complete pattern. If it breaks the neckline (yellow line) expect a retest and and bearish price action to follow.
Bình luận:
Market has moved further up and violated our head and shoulders pattern nullifying our previous analysis.