1. the price formed the head & shoulder pattern exactly on our main downtrend line (the yellow line).
2. the price touched the purple line and moving under the line, tends to decrease. this line is a reliable S&R line.
3. the price made the H&S pattern on the green zone acting as resistance.
If the price breaks the neckline, we should expect a further decline to the red line.
dont forget to get confirmation before entering.
2. the price touched the purple line and moving under the line, tends to decrease. this line is a reliable S&R line.
3. the price made the H&S pattern on the green zone acting as resistance.
If the price breaks the neckline, we should expect a further decline to the red line.
dont forget to get confirmation before entering.
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