Price is testing an upward resistance trend with a right shoulder formation
This formation will likely fall back to the downward channel, and bounce strongly off this, forming the right shoulder
This inverted H&S can be compared to a previous price action zone (in green)
This formation will likely fall back to the downward channel, and bounce strongly off this, forming the right shoulder
This inverted H&S can be compared to a previous price action zone (in green)