After the previous bullish wave resulting from the reverse head shoulders, prices have corrected during the past week down to 0.63300.
This zone is an area of multiple confluences, in particular it corresponds to the neck of the shoulders and head corresponds to the retracement to 50% of fibonacci.
This configuration creates a higher low.
A new wave of impulsion should result with the formation of a new higher higher
This zone is an area of multiple confluences, in particular it corresponds to the neck of the shoulders and head corresponds to the retracement to 50% of fibonacci.
This configuration creates a higher low.
A new wave of impulsion should result with the formation of a new higher higher