There seems to be a couple of clear patterns that compliment each other. Both a head and shoulders and falling wedge, Once the falling wedge is broken clearly with confirmation i expect we will complete the right shoulder of the pattern. Neck has already been confirmed at 1689. Expecting a minimum of around 1900-1950 for the peak of the right shoulder before returning to 1689.
Maybe more useful for short-medium term traders but even if you're a day trader its always good to know which was the wind is blowing.
Remember, always DYOR. Trade Safe.
Maybe more useful for short-medium term traders but even if you're a day trader its always good to know which was the wind is blowing.
Remember, always DYOR. Trade Safe.
Comment:
Falling Channel*