Possible head and shoulder here. Hit neckline and ran into resistance. Expecting some ranging and a high between 27900-28200 followed by a rejection into the Abyss.
For pattern to break:
-need to get above 28000 very quickly and stay there.
- OR Could just blow through neckline
For pattern to break:
-need to get above 28000 very quickly and stay there.
- OR Could just blow through neckline
Note
DAMN. that overnight rebound was wild!Note
Structure is slightly different than predicted, but pattern still in play. Rejected at ~28200 and currently bouncing around 27700-28000 where the left shoulder (if confirmed) spent a lot of time. Need to make a higher high than 28200 and continue upward for pattern break.
Note
Note
Called 2nd shoulder too early, but we have been following original head and shoulder perfectly so far. Looking for a neckline break at around 27500Note
Today could be the day!
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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.