A view at the lower time-frame it is clear using other charting skills it all points to one thing.
On the 30 minutes time-frame is shows that price just formed a Head and Shoulders reversal pattern, where the neck-line got broken and now heading for a retest.
This information makes the analysis more reliable and considering the fact that price will let us know at a certain level if we need to consider other options.
It is true that price can range from here or rather oppose what we anticipate so as traders we remain flexible for every information the market tells us about itself.
On the 30 minutes time-frame is shows that price just formed a Head and Shoulders reversal pattern, where the neck-line got broken and now heading for a retest.
This information makes the analysis more reliable and considering the fact that price will let us know at a certain level if we need to consider other options.
It is true that price can range from here or rather oppose what we anticipate so as traders we remain flexible for every information the market tells us about itself.
