mini 1hr h&s pattern triggers reaches target forms higher low
I wouldn't be worried about more downside unless we achieve a lower low...we will have to get below 7800 to do so. until then I will ladder in moderate dip buys. *not financial advice*
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my lines of support have been super reliable so far...it reached the breakdown target of the support line of the bottom dotted yellow diagonal line then dipped a little bit further back to the support of the bottom trendline of the old lavender rising wedge which I anticipated would bounce it.
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the 2 things we wanted to see to confirm the higher low and the bear trap we have now seen...8k flipped back to support and we have moved back above the 4hr buy sell line(in orange) just in time for the 4hr candle close:
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s3.amazonaws.com/tra...shots/l/LtziWfbx.png we still have 20 minutes until the new 4hr candle but things are looking very very good.