Looking like a head and shoulders
So I felt like we had a good shot to go down, today was wild and we managed to regain a lot of the losses but stalled out and formed a head and shoulders pattern. I think buyers are out of gas and we may get a sell off to end the week.
Measured move on the channel, Measured move on H&S all point to 4100-4110. This is near max pain 404-405 on a critical options week and lines up with horizontal resistance.
Just my opinion.
Good luck :)
Measured move on the channel, Measured move on H&S all point to 4100-4110. This is near max pain 404-405 on a critical options week and lines up with horizontal resistance.
Just my opinion.
Good luck :)
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.