I've been calling for a head and shoulders since Nov. 2 when the left shoulder was forming, I was a little off on where the head would end but overall a successful/profitable call. Normally these patterns indicate further downside so I would think we would at least make one more drop to the 5900 area.
Trade closed: target reached
Didnt expect it to happen in a couple hours later but a pleasant suprise. Hard to tell where exactly its going next, but the recent hourly candle suggest more downside. Will be watching closley today and tomorrow.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.