Bullish head and shoulders
Bullish head and shoulders is forming, on the completion of the figure we can expect the price to point to the equilibrium zone (ichimoku cloud).
The senkou span b can be used as target, this zone coincide with an important resistence/support zone for the previous price (red rectangle).
Also notice that the price just bounced from the base line.
The right shoulder could be used as stop loss.
The senkou span b can be used as target, this zone coincide with an important resistence/support zone for the previous price (red rectangle).
Also notice that the price just bounced from the base line.
The right shoulder could be used as stop loss.
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