Head & Shoulder Pattern with broken neckline.
Currently on a down trend and formed a bearish triangle pattern (Consolidation).
Looking for the breakout to the down side and target last swing low.
Currently on a down trend and formed a bearish triangle pattern (Consolidation).
Looking for the breakout to the down side and target last swing low.
Comment:
Going down to the 1hr TF, we can see a Doji with an engulfing candlestick at the level of resistance. Good sign of reversal.
Comment:
1hr TF: Attempt to break-out of the rising wedge/triangle pattern