The BIG SHORT
We have an impulse wave down, corrective wave up slowly which is exactly what I want to see. Price then stalled at the 50 fib level and we now have a H&S pattern in play. It is evident that 10700 - 10800 offers strong resistance as price has tested and rejected multiple times. A break of ascending trendline would accelerate any sort of downfall to come. With fear of a recession coming, could indices all go South? I'm strongly confident it will.
Related publications
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.