TraderEye Market View: Arguments even in the best families

Tuesday, April 30, 2024

Arguments even in the best families - the Price Action conflict

Technical analysis according to Price Action models shows us today a conflict between a head and shoulders type technical pattern that is on the verge of breaking out and a Harmonic Bullish Shark type pattern located on the right shoulder of the technical pattern.

Attached is an hourly graph of the crude oil contract showing the conflict in the price action family:

Attached is the description of the optimal model for the right shoulder of a bearish head and shoulders pattern:

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