Good morning,
In a bigger picture we're in a descending triangle where you can see the yellow lines describing them. In that triangle, course is making different waves and patterns, as patterns within the descending triangle. What we're facing at the moment is a SHS or a head and shoulders pattern.
It looks like it will fall below $5700 level if you ask me. This is NOT an advice! Save trades guys.
In a bigger picture we're in a descending triangle where you can see the yellow lines describing them. In that triangle, course is making different waves and patterns, as patterns within the descending triangle. What we're facing at the moment is a SHS or a head and shoulders pattern.
It looks like it will fall below $5700 level if you ask me. This is NOT an advice! Save trades guys.