US30 Head and Shoulder formation 4hr! SHORT

11 thg 4, 2022

On the daily timeframe price action has retraced from its all time high at exactly the Golden Pocket of .618-.65 Fibonacci levels. I have used that fact to determine my directional bias for the week/weeks to come. If you zoom in to the 4hr time frame you can see a Head and left shoulder already formed, we are currently in the right shoulder. Head and shoulders is a bearish pattern in confluence with the Golden Pocket.