AU has touched the monthly trend line with the "head" of the formed head and shoulders pattern and was rejected.
it has also just broken a 4h trend line at the completion of the head and shoulders pattern.
To further confirm, the right shoulder hit the 61% of the head before falling. which is a common factor between most true H&S formations.
as i was making this chart the H&S completed
it has also just broken a 4h trend line at the completion of the head and shoulders pattern.
To further confirm, the right shoulder hit the 61% of the head before falling. which is a common factor between most true H&S formations.
as i was making this chart the H&S completed