An inverted head and shoulders formation is building up like a powerfull yoga exercise. We just have to be patient a little longer - that's all.
Trade at your own risk & make your own analysis. Do not get involved based on this Idea only!
Trade at your own risk & make your own analysis. Do not get involved based on this Idea only!
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8.8k or higher until end of the week would activate the H&S formation...
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Triple Bottom in the forming. For now the 6k lower resistance has to hold. If it does then we should see another retest of the 10-12k upper resistance. If volume picks up then the target would be up to the A.T.H.!
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With the current momentum a retest of (or even below) 6k could easily take place. As for the pattern... We'll see about that when it concludes.