Two outcomes, one winner
So the H&S is still in play, but then so is the corrective C wave.
The corrective C wave would likely be invalidated over 11k, so its dicing with death, but still valid as it stands. Volume is p!ss poor considering a major trend break which makes me think the game aint over yet.
On the flip side, the H&S does look nice for bulls if we fully form, which then invalidates the ABC corrective wave. So either way, we'll see the direction soon enough.
My money is still on the corrective wave till it gets proven invalid, then i'm all over the H&S like a bull to a red rag ;)
Happy trading.
The corrective C wave would likely be invalidated over 11k, so its dicing with death, but still valid as it stands. Volume is p!ss poor considering a major trend break which makes me think the game aint over yet.
On the flip side, the H&S does look nice for bulls if we fully form, which then invalidates the ABC corrective wave. So either way, we'll see the direction soon enough.
My money is still on the corrective wave till it gets proven invalid, then i'm all over the H&S like a bull to a red rag ;)
Happy trading.
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.