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Head and Shoulders / Elliot Wave Looking to Re-test 6k

By Drewchie
  • We bounced off the long term down trend line at 12k (the head) showing that the bulls weren't quite ready yet
  • Copleting the head and shoulders by EOD Saturday could mean we continue the elliot wave down to 8k support
  • If we bounce there and then reach resistance at the shorter term trend line top (pink), we could re-test support as low as 6-6.5k again
Chart PatternsElliott WaveHarmonic PatternsHEADshortshoulderssupportSupport and ResistanceTrend Analysiswave
Drewchie

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