Above 1.1826 🡪 1.1897 (confident that 1.1897 is a short; 13 year resistance)
Sustained above 1.1897 is super bullish
Below 1.1826 🡪 1.1787 🡪 1.1610
Short the 8hr H&S.
Still hasn’t closed above 3565 death line on HA daily chart—did last week, but then broke down below it again.
Appears to be bull flagging (RSI still a bit high—60.80)
Above 3570 🡪 3630 (big resistance) 🡪3760
Below 3570 🡪 3500 (heavy support) 🡪 3450 🡪 3400 🡪 3255
Russell 2000 has closed above Bollinger Bands for three consecutive days on the daily chart. The daily RSI is 74.63. There are, of course, fundamental reasons for the aggressive buying. But it needs to cool off. I am looking to short when the selling begins.
Could we see this H&S on the 4hr timeframe fill out? It's quite possible. Looking at ~11574 as the key level. If this is right, play the bounce long, then heavy short.
