ALGO: Inverse Head and Shoulders Pattern Signals Bullish Short-Term Trend
ALGO has completed an inverse head and shoulders pattern on the 4-hour chart, suggesting a potential resumption of the bullish short-term trend. The daily chart also shows a strong bullish candle closing above the neckline of the pattern, indicating further growth.
The first target and resistance zone is found near 0.1400, but there's potential for the movement to extend to 0.1470 and 0.1540.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
ALGO has completed an inverse head and shoulders pattern on the 4-hour chart, suggesting a potential resumption of the bullish short-term trend. The daily chart also shows a strong bullish candle closing above the neckline of the pattern, indicating further growth.
The first target and resistance zone is found near 0.1400, but there's potential for the movement to extend to 0.1470 and 0.1540.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。