BIAS: Short
Over the weekend, there will be a gap to the upside so there is still a good chance to get in this trade as it has broken the neckline.
This is also B wave within the corrective phase of Elliott Wave Theory.
I don't usually trade B waves but with the confluence of the H&S it looks pretty promising.
Over the weekend, there will be a gap to the upside so there is still a good chance to get in this trade as it has broken the neckline.
This is also B wave within the corrective phase of Elliott Wave Theory.
I don't usually trade B waves but with the confluence of the H&S it looks pretty promising.
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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.