Another H&S !

24 thg 2, 2018

we have 3 support structures here:
1- long term support line (sky blue)
2- basic support line (yellow)
3- 38% retrace line

we will watch how the price will react to that level (around 9500-9600) if it break down then we will be forming the last correction leg (E) in the major (ABCDE) correction

24 thg 2, 2018

Ghi chú

we have a volume confirmation of the H&S, the price reached a critical area so let's see what happens

24 thg 2, 2018

Ghi chú

the big picture

24 thg 2, 2018

Ghi chú

If we break below 9390 (the sky blue long term trend line) then 100% guarantee we are goig down to complete the E wave

25 thg 2, 2018

Ghi chú

-just broke the long term trend line (sky blue) at 9390 level as i said
- if we close below it then the H&E will be confirmed and will fall to 9150

Target 1: 9150
Target 2: 8090
Target 3: 4660

25 thg 2, 2018

Ghi chú

NOTE: Weekly candle is Bearish , and it will close today which signals most likely a bearish week

26 thg 2, 2018

Ghi chú

- heavy support at this level
- waiting for the triangle to break
- double top as displayed

28 thg 2, 2018

Đã hủy lệnh