The Market is retesting the Head & Shoulders pattern neckline.
Look left it happened with the same pattern (and happened quite often).
If we speak in terms of liquidity, we can guess that all traders that went short on the break of the first neckline have moved their stop loss thus explaining the massive move up to this area.
Happy trading
Look left it happened with the same pattern (and happened quite often).
If we speak in terms of liquidity, we can guess that all traders that went short on the break of the first neckline have moved their stop loss thus explaining the massive move up to this area.
Happy trading
Trade chiuso: obiettivo raggiunto
