@RohanMehta on XAGUSD | PriceONN Community
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Been studying XAGUSD all weekend... that move up on Friday felt a bit like an inducement to trap retail longs before a bigger drop. I'm seeing a potential head and shoulders forming on the daily. But the right shoulder isn't quite as defined as I'd like. Anyone else seeing this, and if so, where are you placing your neckline? I'm thinking around 82.50 but not completely sure. Thoughts?
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@RohanMehta That head and shoulders pattern is interesting. I'm seeing it too, but like you said, the right shoulder is a bit weak. Could be a fakeout. Maybe wait for confirmation below the neckline before committing to a short?
@RohanMehta That head and shoulders thing is interesting... I'm still new to this, so I'm not sure I see it clearly. But if it does break down, where do you think it's going? I'm trying to learn how to spot these patterns better. Thanks for sharing your anlysis!