We identified a potential Head and Shoulders (H&S) bearish reversal pattern forming, which signifies a potential trend reversal from bullish to bearish. Should the price decisively breach the pattern's neckline downward, it would confirm the pattern's activation, with the objective target delineated on the provided chart.
t is noteworthy that the formation's right shoulder may extend; thus, if the price sustains within the designated distribution zone, the pattern's predictive validity remains intact.
However, a price closure above the $117 threshold would negate the bearish thesis, rendering the sell-off strategy invalid.
Exercising diligence and closely monitor the two pivotal levels: the neckline and the upper boundary of the sell-off zone.
Contributions and insights on this analysis are welcomed and valued.
t is noteworthy that the formation's right shoulder may extend; thus, if the price sustains within the designated distribution zone, the pattern's predictive validity remains intact.
However, a price closure above the $117 threshold would negate the bearish thesis, rendering the sell-off strategy invalid.
Exercising diligence and closely monitor the two pivotal levels: the neckline and the upper boundary of the sell-off zone.
Contributions and insights on this analysis are welcomed and valued.
Dagangan ditutup: sasaran tercapai
Short idea clear it's target
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.