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FrancescoMerlettini
May 21, 2021 10:17 PM

#SNDL - Weekly chart piercing line pattern Long

SNDL Inc.NASDAQ

Description

The end of the week is showing a reversal candelstick pattern: the piercing line. In fact, the week opened below the closing of the previous week and it closed abive the mid-line of the previous week. This indicates that bulls overwhelmed bears this week.

Moreover as you can see from my latest idea, there is a reversal head and shoulder formation in the H1 timeframe, with neckline at 0.795$.

I am extremely confident that this line of resistence will be broken next week and the bullish trend reversal will start
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