TSM inverse head & shoulders pattern
On the daily time frame 
TSM has a bullish inverse head and shoulders pattern forming, the neck line is right at that 119.16 level. As you can see price closed testing that 21 EMA. Volume will play a big roll here since the 21 & 50 ema are sacked on top of each other, price action shows no bears in that previous closing candle, imo I like to see candles closing within 5% of the HOD.,For me its an indicator as to how bullish the set up is.
TSM has a bullish inverse head and shoulders pattern forming, the neck line is right at that 119.16 level. As you can see price closed testing that 21 EMA. Volume will play a big roll here since the 21 & 50 ema are sacked on top of each other, price action shows no bears in that previous closing candle, imo I like to see candles closing within 5% of the HOD.,For me its an indicator as to how bullish the set up is.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.