In this example price shows than even if you get a chart pattern in-between price may not necessarily move in that direction for a prolonged period of time. Price formed a head and shoulders pattern, headed to a level of previous resistance. (*not the exact previous resistance but a former one within the range) Before following with upward momentum at a 61.8 retracement 4H level with a a bullish engulfing candle confirming continuous movement to the upside
Ghana baa trader paaa.. nice one... aye Ade great analysis
Platinum-Markets
⋅
hi... first time Ive seen a fellow Ghanaian on this platform. If you dont mind you can buzz me a hi on +97455841358 so we can have a slight discussion. Thanks
ApexFX_Pro
⋅
Nice analysis, yes you must always be patient and wait for confirmation 👌