$V - Failed breakout with Mini head and shoulder break down What a turn of event this past 4 trading days made. From a potential break out of the wedge and inverse H&S to forming H&S and breaking down half way target of $189 - $186 area.
A gap was left behind in today's ugly session that we can look forward to filling it. Reversal in the last hour formed a hammer candle which could support reversal.
With oscillators still not turning up, as it's too early in a potential change in direction or sentiment.
Let's hope that the hammer candle play its role properly in the days to come.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
