In a bear market, the performance is about what you would expect from a countertrend breakout. Throwbacks occur in nearly two out of three trades.
Dope confirms the pattern
Interesting thing - on this pattern, BO on light performers better then heavy, if Bulkovskiy doesn't lie us.
Target = HH + HH-LL = 8600 + 8600 - 7200 = 9800
Biggest picture is inverted .
But 4H still shows divergence.
1H shows hidden .
Trading Strategy: If i see it smashed 8000 level - i go short to 7000 level. If it holds and form - i will go long to 9800