@matthew1987 on XAGUSD | PriceONN Community

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M
matthew1987 PRO newbie
XAGUSD Mar 6
Is anyone else observing a potential inverse head and shoulders forming on the hourly chart? The neckline seems to be around 84.20. If confirmed, this could signal a bullish reversal. What are your targets if the price breaks above this level?
XAGUSD

Replies (1)

M
matthew1987 PRO newbie Mar 6
Update: I've noticed the RSI is still hovering around 56.5, which indicates a neutral momentum. This could mean the inverse head and shoulders pattern might not materialize. I'll wait for a clearer signal before making any decisions. Perhaps a break above R1 at 82.95 would provide more confidence.
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