my october plan if this bullish trend continues. I have three price target and all of them can trigger a head and shoulder reversal. a break below 371 will cancel this idea.
target 1 393. i believe is very possible this week since the daily close today was very bullish from looking at daily candle.as long we open over daily resistance of 375.63 with next resistance being 393
target 2 409. i can see this playing out next week with before cpi wednesday. thier always seems to be push upwards before and after data is released and drop the day afterwards which could play out head and shoulder at this level.
target 3 417 if somehow the cpi number beat expectations( very laughable) i can see we pushing much higher and testing top of trendline around this level.
im still very bearish and at whatever level we decide to turn around at my long bearish target is 338. all three target i will be trading with extreme caution as we still in bear market
please do your own research this is just something i could see playing out with election next month
target 1 393. i believe is very possible this week since the daily close today was very bullish from looking at daily candle.as long we open over daily resistance of 375.63 with next resistance being 393
target 2 409. i can see this playing out next week with before cpi wednesday. thier always seems to be push upwards before and after data is released and drop the day afterwards which could play out head and shoulder at this level.
target 3 417 if somehow the cpi number beat expectations( very laughable) i can see we pushing much higher and testing top of trendline around this level.
im still very bearish and at whatever level we decide to turn around at my long bearish target is 338. all three target i will be trading with extreme caution as we still in bear market
please do your own research this is just something i could see playing out with election next month
