The head & shoulders pattern is still in play until the downward sloping resistance on the RSI is broken flush creating a higher high.
We may have seen a fake-out to the downside, only time will tell but the bullish patterns have not been negated.
We may have seen a fake-out to the downside, only time will tell but the bullish patterns have not been negated.
Note
The same chart displaying a potential inverted head & shoulders.
Note
The same chart but instead of candles it's a 5-year chart, this is on a log scale btw.
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Related publications
Disclaimer
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.