I predict H&S pattern will performs if 4H candle close above confirmation line at 7840.
From this position we have 2 targets:
1- 9150 with 17% profit
2- 11295 with 44% profit, as strong resistance.
Price may drop from 2nd targets to retest neck line at 9150.
Use your money management and stop lose. Good luck!
From this position we have 2 targets:
1- 9150 with 17% profit
2- 11295 with 44% profit, as strong resistance.
Price may drop from 2nd targets to retest neck line at 9150.
Use your money management and stop lose. Good luck!
Nota
Now it is clearly for me a reversal H&S pattern, and right now it is performing the right shoulder.We need to close above neck line at 9150 with a long green candle to reach target at 11295
Trade fechado: objetivo atingido
Target almost reached my targetNota
*price*
Aviso legal
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.
Aviso legal
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.