POSSIBLE HEAD AND SHOULDER PATTERN

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Hello traders. we are seeing possibly head and shoulder pattern here which is one of the most common reversal patterns in trading. Price is currently at a resistance zone and if rejected, we can see a push down to the .382 retracement of this bullish leg which will give us a right shoulder for a possible buy position. This down trend may be exhausted and we will monitor price to see if it breaks resistance or respects it. This is an idea not a signal, published for educational purposes. Traders should not predicted the market but react from it.

Trade smart, don’t gamble!

Penafian

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