A new iH&S grows within the old big right shoulder.
Looking like an iH&S on the 1 hour chart within the "Right Shoulder" of the huge iH&S shoulder seen on zooming out to the 4 hour chart. Also, included an orange top trend line, as well as, the horizontal heavy resistance lines.
However, this recipe needs some major bullish volume and bullish cross on the MACD....and, it does not seem to be on the menu?
Just a musing, to keep amused, and never a financial advice. Good luck to all....and, please don't feed the bears, the bulls got to run!
However, this recipe needs some major bullish volume and bullish cross on the MACD....and, it does not seem to be on the menu?
Just a musing, to keep amused, and never a financial advice. Good luck to all....and, please don't feed the bears, the bulls got to run!
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Published too late! Looks like we're in a descending triangle at the region of the head tip. Oh well....
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The bears are still hungry!