As we said in our previous anlysis the 100$ zone was the target of the big Head and shoulders pattern. In the intraday we've seen a V shape end which usually means a trend reversal is unfolding. Once the first black line is broken we would have a confirmation of a new short term bullish trend.
So buying over the black line give a great risk reward ratio.
Let's see if the V shaped end is at the end a head of a major head and shoulders pattern which could be even more important to confirm the trend change in the short term.
Good luck
So buying over the black line give a great risk reward ratio.
Let's see if the V shaped end is at the end a head of a major head and shoulders pattern which could be even more important to confirm the trend change in the short term.
Good luck
