The last few days have shown a build of an inverse head and shoulders pattern.
The prerequisites for this pattern appear to fall in line:
-Volume is heavier on left shoulder
-Volume a bit lighter on the rally to head peak
-Volume even lighter on the third rally, forming the right shoulder
-Increase in price breaks the neckline
Moves up and now is possibly making a return move to the neckline. Hopefully followed by new highs.
*Disclaimer: This is not financial advice. This is a very basic TA by a curious newbie in this field.
The prerequisites for this pattern appear to fall in line:
-Volume is heavier on left shoulder
-Volume a bit lighter on the rally to head peak
-Volume even lighter on the third rally, forming the right shoulder
-Increase in price breaks the neckline
Moves up and now is possibly making a return move to the neckline. Hopefully followed by new highs.
*Disclaimer: This is not financial advice. This is a very basic TA by a curious newbie in this field.
Not
Where I mentioned "rally" and "peak" I meant "dip" and "trough". Forgive my poor english.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.