Price action is forming a inverted head&shoulders pattern in confluence with the vertical trend line and area of support. After price action bounces off support area and shows bullish momentum I will enter aggressive long position. After price action breaks neckline I will enter conservative long position
Inverted head&shoulders forming in confluence with vertical trend line as well as area of strong support. Once price action bounces off of support and shows bullish momentum I'll be taking a long position. After price action breaks neckline I'll enter another long position
Looking at higher time frames you can clearly see we are in a up trend. Price action has been respecting the vertical trend line. We have confluence due to the horizontal trend line at.... And further more we have a beautiful inverted head&shoulders pattern forming nicely within our trend line confluence. If price action bounces off of support with bullish...
