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Not financial advice. I’m not a financial advisor. I’m learning to trade. Learn to trade!!

Hidden bearish divergence on daily RSI

Komentarz:

A very ugly looking H&S here. The parallel of the neckline can show you an area where the top of the right shoulder will reach is an old Edwards and Magee trick and can be used solely to confirm the possibility/probability of the pattern. This particular “ugly” H&S is calling for a 300+ pip move.