We are into the 3rd week of 2021 after we had a bounce off 57 highs on oil the previous week
huge trend line touch (3rd touch) crucial for a rejection to the downside with evidence of a continuation pattern( head and shoulders) with price selling off a solid 200 points as of last week
Price is currently hovering around the neck of this H&S pattern and very likely to continue downwards as we head into New York session after we gained some momentum at the open.
Potential targets are 1:9/10 risk reward position ,lets see how it fairs out .
huge trend line touch (3rd touch) crucial for a rejection to the downside with evidence of a continuation pattern( head and shoulders) with price selling off a solid 200 points as of last week
Price is currently hovering around the neck of this H&S pattern and very likely to continue downwards as we head into New York session after we gained some momentum at the open.
Potential targets are 1:9/10 risk reward position ,lets see how it fairs out .
Trade chiuso: stop raggiunto
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.