An exhausted head and shoulder pattern
A bullish engulfing candle
Oversold on Stoch. RSI
Komen:
apologize, head and shoulder should be a reversal pattern, so a retrace might play out.
Based on Head and shoulder pattern main trend for bearish would still in play, a retrace to nearest resistance might also in motion based on bullish engulfing candle.
Penafian
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Based on Head and shoulder pattern main trend for bearish would still in play, a retrace to nearest resistance might also in motion based on bullish engulfing candle.