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Alikze »» SUSHI | Reverse head and shoulders pattern

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🔍 Technical analysis: Reverse Head and Shoulders Pattern - Reversal Motivational Wave

- According to the analysis presented before, after filling the FVG gap, wave 3 continued up to the 0.47 range of the 100 Fibo zone.

- After creating demand in the range of 100 Fibo, it has encountered a motivational wave.

- It is currently in an uptrend, which has faced a temporary correction after breaking the supply zone.

Due to the upward trend, it can encounter the bottom of the channel and meet the demand again and continue its upward trend until the next supply area.

- This upward trend can continue in the range of 1.56.

💎 Therefore, by breaking the supply area (red box) and after pulling back to it, it can continue its ascent to the next supply area.

⚠️Note: In addition, if this modification touches the "Invalidation LVL" area, the ascending scenario will be invalidated.⚠️
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交易進行

Long setup position.

註釋

According to the movement path, after correcting to the range of 0.58 and removing the liquidity of the previous leg floor, it is exiting the short-term downward channel for the targets of 0.98-1.17 and 1.36.