A significant Head and Shoulders (H&S) formation is forming, and if the neckline is breached, the target is 20,200, which also aligns with the 50% retracement of the rally. As I noted in my previous post, this seems like a more plausible target.
DO WHAT OTHERS DON"T KNOW AND DON'T DO WHAT OTHERS KNOW
Also on:
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.