- The highlighted area in green has served as bottom/top for a year.
- Recent head and shoulders, if completed, would take price to the highlighted green area.
- Historical resistance line from June falls on the green highlighted portion.
- A 50% correction from the recent top falls on the green.
- Recent head and shoulders, if completed, would take price to the highlighted green area.
- Historical resistance line from June falls on the green highlighted portion.
- A 50% correction from the recent top falls on the green.
Note
The shoulder got a bit hunched there, but it's going according to plan. I'd consider a retest and fail of the neckline (210-215) confirmation of H&S. If it breaks through 215 and comes back for a retest, I'm exiting short position.
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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.