CEAT just broke out from the neckline of a not_perfect head and shoulder pattern. Yet the neckline resistance was respected all along.
Its retesting the neckline zone. If the resistance of neckline has turned into support, a possible breakout from the triangle /trendline can be expected.
Small yellow sup/res levels can still cause the reversal or sideways movement. or even downside, to dance in the tringle.
Its retesting the neckline zone. If the resistance of neckline has turned into support, a possible breakout from the triangle /trendline can be expected.
Small yellow sup/res levels can still cause the reversal or sideways movement. or even downside, to dance in the tringle.