H&S Target reached and failed to confirm a break of support.
MCG formed a Head & Shoulders pattern between March and December 2019, which played out nicely and reached it's target which perfectly coincided with the lowest low of 9031 from 6 March 2019. With yesterday's movement, it broke slightly lower, but retraced and failed to confirm with the close of the candle. Failing to confirm below this low could mean a possible upward move. I will wait for confirmation before entering a long position.
Trade directly from TradingView through Velocity Trade. Get started here: suretrading.tradedesk.co/TradingView
For more info about our training and mentorship visit suretrading.co.za
For more info about our training and mentorship visit suretrading.co.za
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.