BEARISH PATTERN FORMING?
Hello Everyone - Happy Monday.
Looks like a possible HEAD AND SHOULDERS forming on this 1hr chart.
If there happens to be any symmetry in this formation, we might be able to determine the PA through the formation of this pattern.
We have some confluence in the higher TF's with our RSI and MACD.
Getting some good movement on the way up there -would close the nearest CME gap as well.
And we are still following the SPX.
What do you think?
Looks like a possible HEAD AND SHOULDERS forming on this 1hr chart.
If there happens to be any symmetry in this formation, we might be able to determine the PA through the formation of this pattern.
We have some confluence in the higher TF's with our RSI and MACD.
Getting some good movement on the way up there -would close the nearest CME gap as well.
And we are still following the SPX.
What do you think?
Disclaimer
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.