Correction to the previous post: The neckline of our small scale inverted H&S is the oblique red line. After being broken, this line became a support during Friday price action.
What's next ?
Probabilities for completion of the large scale H&S are increasing (see previous posts), but we are not done yet. Consolidation pullbacks may occur. One to be expected is when we will reach the 20 DMA (daily chart).
Let's sit on profits and wait...
What's next ?
Probabilities for completion of the large scale H&S are increasing (see previous posts), but we are not done yet. Consolidation pullbacks may occur. One to be expected is when we will reach the 20 DMA (daily chart).
Let's sit on profits and wait...
