Setting up for a Head & Shoulders reversal pattern
Left shoulder, Head, and Right shoulder all in place with Neckline Shown.
Target and stops noted
Further confirmation from OBV Higher at peak A Than B
Obv increases on decline of Head and decreases on Advance of C
Chart looking messy which isn't great!!
Can see the downtrend, with the trend line see constant Tests,
We saw the breakout to the 0.618 fib, & Stochastic around the 80 Lvl
Looking for breakout to Target Zone, Entry 1.05798, Stop 1.05983, Limit 1.05362 Ratio 2.6
Notice lower highs and lower lows,
Come from area of support,
We will see the candles go into the 1.5000 support level over the coming days,
If closes below, We could see a big breakout to the downside!!