Potential inverse H&S forming
Will complete at $220
Target off pattern is $250 area where there is prior consolidation range
17% return from current price
Assumptions: S&P 500 will rally at least 10% to around 4200, Nasdaq will outperform, semiconductors will outperform Nasdaq.
Trade is dependent on bear market rally. If not expecting continued rally, no trade.
Expect a front loaded rally. A slower/longer rally will more likely terminate at a lower target such as the higher gap at $232.27
Will complete at $220
Target off pattern is $250 area where there is prior consolidation range
17% return from current price
Assumptions: S&P 500 will rally at least 10% to around 4200, Nasdaq will outperform, semiconductors will outperform Nasdaq.
Trade is dependent on bear market rally. If not expecting continued rally, no trade.
Expect a front loaded rally. A slower/longer rally will more likely terminate at a lower target such as the higher gap at $232.27
Trade closed: target reached
It is time to start thinking about the exit.
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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.
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.