Hello guys! Previous iH&S played out perfectlly. If this H&S playes out we would fall into a perfect iH&S on a bigger time frame.
Check pic 1 H&S
Check pic 2 iH&S updated
Check pic 1 H&S
Check pic 2 iH&S updated
Note
We went down pretty hard in the past few hours. Looking to bounce somewhere around 10350-10100 range. I will not be surprised if we rise again from that point or drop even lower to high 9k and then bounce back to around 10860$ range, I expect a fall when we reach that point...Note
Looking for the reversal when RASI 4h will be under 30 and dailly should be bellow 40...we have some more hours maybe days of overall down movement...Note
If now iH&S plays out we should reach 14k, which would mean we are out of the bearish trend and full bull mode. Be aware of the next points 10.120$, 11.200(the trend line from the fall before xmass), if we breach that is 11.8k, 13k and 14k are the targets if iH&S play out!
Here is my dailly chart if we get rejected by first two points:
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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.