The price has formed a classic Head and Shoulders reversal pattern. This bearish setup is further confirmed by a clear RSI Divergence, indicating that the upward momentum has exhausted.
Pattern: Head and Shoulders
Confirmation: Bearish RSI Divergence
Execution: Entry on Neckline Break / Retest
Risk Management: 0.75%
Risk/Reward (RR): 1:1
Pattern: Head and Shoulders
Confirmation: Bearish RSI Divergence
Execution: Entry on Neckline Break / Retest
Risk Management: 0.75%
Risk/Reward (RR): 1:1
Order cancelled
Note
pattern invalid
Numan Munir
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.
Numan Munir
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.