Previously i posted a Bullish Bat pattern and here i identified a potential H&S pattern if only when it breaks down the neckline. There is a possibility that price going up to close the gap from last week movement.
If and when it breaks down the neckline, the length of drop will be similar to the first leg up of the left shoulder and it is also coming to the area of a bigger Bullish Bat pattern completing somewhere 1.1600.
If and when it breaks down the neckline, the length of drop will be similar to the first leg up of the left shoulder and it is also coming to the area of a bigger Bullish Bat pattern completing somewhere 1.1600.