. Head and shoulder formation to the downside
. However ascending triangle forming higher lows so keeping an eye out if breaks resistance
. If strong resistance and no breakout, head and shoulders + trend breakout = downside movement to the next support level
. If resistance is weak, next target at 120 zone.
. Overall, short
. However ascending triangle forming higher lows so keeping an eye out if breaks resistance
. If strong resistance and no breakout, head and shoulders + trend breakout = downside movement to the next support level
. If resistance is weak, next target at 120 zone.
. Overall, short
Comment:
Price respected channel upwards and broke the ascending triangle
Trade closed: target reached