Price pierced through the BB at 2.5 Standard Deviations, which is a high probability rejection zone to the midline (20ema).
Based on the volume of the push, I expect a short retracement, and continual move up. This retracement would be part of complete the right shoulder in a H/S pattern on the Daily TF.
Based on the volume of the push, I expect a short retracement, and continual move up. This retracement would be part of complete the right shoulder in a H/S pattern on the Daily TF.
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These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
