Hello guys, once again keeping things as simple as possible.
Spotted potential H&S pattern on 3D chart, also visible on daily based on a current trendline as a neckline. Interestingly, we can notice it too on the RSI. It is not ideal but H&S can be pivoted like that.
EDITED: For more confused users, the head and shoulders pattern can signal a continuation and not a reversal, although it appears much less in that role.
Happy trading!
Spotted potential H&S pattern on 3D chart, also visible on daily based on a current trendline as a neckline. Interestingly, we can notice it too on the RSI. It is not ideal but H&S can be pivoted like that.
EDITED: For more confused users, the head and shoulders pattern can signal a continuation and not a reversal, although it appears much less in that role.
Happy trading!
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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.