Thinking we will see a retest in the coming weeks of $36 before we make a decision about continuning to break down and head lower, or reverse and continue this upward move we've had. Right now, I am seeing a breakdown in trend, and the width of the H&S topping pattern at the top was about 400 pips, of which we completed 300 of so far. I could see an early push down next week, before we try to bounce back and either reverse to highs, or breakdown further.
My target is $36. If I see opportunity after that, I will post it.
My target is $36. If I see opportunity after that, I will post it.
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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.