Possible inverted h & s

1 Apr 2018

The volume matches that of an inverted head and shoulders thus far. Now we need the retracement for the right shoulder. Which will probably go to the 0.5 fib retracement. I dont expect it to go much lower than that based on the volume profile on the right. Im going to wait to see the interaction with this 0.5 fib and probably go long if the setup is right. Adjust your risk accordingly.