So here is what we have on the market on a daily chart.
As you can see forming another head and shoulders pattern. For some reason this market likes it a lot :)
I am expecting next week to start falling sharply in order to go lower to 129 130 area by end of the month in order to complete the pattern.
After this move I will expect the market to retrace between 131.500 and 133 maximum area pivoting at 132 levels.
And then I will be preparing for the next big move for fall season which I will be posting when the time comes, stay tuned :)
This is purely for demonstration and educational purposes only.
As you can see forming another head and shoulders pattern. For some reason this market likes it a lot :)
I am expecting next week to start falling sharply in order to go lower to 129 130 area by end of the month in order to complete the pattern.
After this move I will expect the market to retrace between 131.500 and 133 maximum area pivoting at 132 levels.
And then I will be preparing for the next big move for fall season which I will be posting when the time comes, stay tuned :)
This is purely for demonstration and educational purposes only.
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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.
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.