AJ looking very bullish as we approach the Multi-year descending channel.
We have fractal Inverse Head and Shoulders on multiple time frames, I will post those below in the comments.
I'm expecting a break and then a retest of the channel and the neckline, then it's off to the races.
If we break the neckline this idea is invalid and we will look too short. Probability is on the bull side with the multi time frame confluence.
We have fractal Inverse Head and Shoulders on multiple time frames, I will post those below in the comments.
I'm expecting a break and then a retest of the channel and the neckline, then it's off to the races.
If we break the neckline this idea is invalid and we will look too short. Probability is on the bull side with the multi time frame confluence.
Comment:
4hour Fractal Inverse Head and Shoulders
Comment:
1Hour Fractal Inverse Head and Shoulders
Blue line is the 4h IH&S neckline, orange is the 1H neckline
Blue line is the 4h IH&S neckline, orange is the 1H neckline
Comment:
First Resistance line hit, will we turn around and retest the descending channel or continue higher? Stay Tuned!
Like it if you like it, and comment if you have a question. I'm happy to answer!
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***