Hey gang! Hope everyone is doing fine on a Sunday! Found a potential Head and Shoulders reversal pattern that could result in a good long trade! Some confluence here points towards this:
-Trend line broken and retested a Fib level at 23.6 level.
-Fib level 23.6 had a false breakout and a large bullish candle just ...
This has been a very nice rally. Market has just found support at the prior high and the median line. However, given the long-term context of a down trend, I expect a further decline - at least a retracement of 23.6%.