Tough to see the H&S pattern...
Here is why I think the H&S probably wont play out...
1. Up-sloping neckline weakens the bearish posture.
2. Some degree of imagination is needed to see the pattern.
3. Volume signature is off.
4. 4200 target would be a 70% retrace... If we got that low it would be be bought up by bots and trigger many orders.
Just my opinion, but thanks for sharing.
-BSB out
1. Up-sloping neckline weakens the bearish posture.
2. Some degree of imagination is needed to see the pattern.
3. Volume signature is off.
4. 4200 target would be a 70% retrace... If we got that low it would be be bought up by bots and trigger many orders.
Just my opinion, but thanks for sharing.
-BSB out
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