Inverse Head and Shoulder pattern in RCF
The charts we are looking at are 1 hour and 30 mins respectively.
In both the charts inverse H&S pattern is evident, and head is taking support at pivot also.
This shows sign of reversal.
So once, the breakout is there, and price moves above 210, it should go up to previous high or at least till 230.
Short term trade idea.
The above study is just for learning and education purpose no buy or sell call.
In both the charts inverse H&S pattern is evident, and head is taking support at pivot also.
This shows sign of reversal.
So once, the breakout is there, and price moves above 210, it should go up to previous high or at least till 230.
Short term trade idea.
The above study is just for learning and education purpose no buy or sell call.
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