Quite clear H&S shoulder pattern has developed on NATTY which began accumulating at the beginning of March of this year.
The green rectangle is the base of the massive accumulation zone which has acted as support previously, now turned resistance.
There's been 2 prior attempts at breaking through, on the third, it broke but wasn't able to hold.
The target is c15% increase in price and also takes us to the gap on 22nd Jan - this was calculated using the distance between the top and bottom of the cup.
GOOD LUCK!
The green rectangle is the base of the massive accumulation zone which has acted as support previously, now turned resistance.
There's been 2 prior attempts at breaking through, on the third, it broke but wasn't able to hold.
The target is c15% increase in price and also takes us to the gap on 22nd Jan - this was calculated using the distance between the top and bottom of the cup.
GOOD LUCK!
Trade fermée: cible de profit atteinte
Like clockwork! Hope some were able to ride this one!
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.