ilmscore | Prediction Details
"well currently if you're familiar with the blue and red lines I normally put on my screen these point out major and minor levels of structure resistance and support right now where are we at we are at a previous level of major support my blue line indicates that for me so I have this previous level of major support the market hit that level close below it signaling trend continuation right well what happened after that is pretty significant after closing below this level we have now created a lower low pushed back up and we're finding support at this previous level this is a very familiar age-old pattern called the Head and Shoulders pattern a traitor's"
By The Trading Channel (The Trading Channel) | July 30, 2018 | Pending
From video
Ultimate Beginners Guide: To Price Action Patterns (Must See) 00:11:56 - 00:12:39
Interpreted Prediction
USD/JPY has formed a Head and Shoulders pattern at a previous major support level, indicating potential trend continuation after breaking below that level and then retesting it as support.

Prediction Details

Ticker
USDJPY

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