in the weekly chart we see a bearish head and shoulders which would report prices on the basis of the Wedge and would declare the candle of Feb 8 a false breakout
On daily chart the right shoulder is taking the double bottom formation (Brandt analysis)
The trigger points are 892 for the H&S and 1113 for the Double Minimum and/or Failure H&S
PS.
The left shoulder also had two points of contact on the neckline, so in my opinion for now the hypothesis of the head and shoulders is correct.
On daily chart the right shoulder is taking the double bottom formation (Brandt analysis)
The trigger points are 892 for the H&S and 1113 for the Double Minimum and/or Failure H&S
PS.
The left shoulder also had two points of contact on the neckline, so in my opinion for now the hypothesis of the head and shoulders is correct.
Trade active:
Long Friday on Right Shoulder Break
