π π Dear Investors
I have identified an Inverted Head and Shoulder Pattern on the H4 Timeframe. After a bearish move, This inverted H&S Pattern often indicates a high probability of a bullish move.
Currently, there is a bullish breakout above the neckline structure, so I'll be observing price action around this neckline structure for a retest and possibly a bullish opportunity back to the supply level at 0.9000
I am also keeping an open mind to the possibility of a bearish continuation if price breaks below this neckline structure
Let's stay patient and see what happens next. π π
I have identified an Inverted Head and Shoulder Pattern on the H4 Timeframe. After a bearish move, This inverted H&S Pattern often indicates a high probability of a bullish move.
Currently, there is a bullish breakout above the neckline structure, so I'll be observing price action around this neckline structure for a retest and possibly a bullish opportunity back to the supply level at 0.9000
I am also keeping an open mind to the possibility of a bearish continuation if price breaks below this neckline structure
Let's stay patient and see what happens next. π π