ericortiz-20

Head and Shoulders formation...Retesting Neckline...Go short

Short
FX:NAS100   US 100 Cash CFD
The reason why I chose this prediction path is because the head and shoulders formation has formed and since price action has broken off the neckline, it is now retesting the neckline and seeing if it might reverse.
When price action shows lower lows, it indicates a bearish momentum and so it will then hit the next Fibonacci level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.