Strategy, buy only at breakout.
Bình luận:
The fact that this H&S confirmation is taking so long(even too long), it might affect the bullish momentum. The huge "shooting star" red candle on the daily as soon as it confirmed the broke out can be seen as huge rejection and a possible bearish reversal.
Bình luận:
On the weekly the trend-line is still quite bullish, however it might reject the H&S structure.
Bình luận:
I guess this goes unsaid, pretty safe to say that the H&S pattern failed.
Overall, this is an extremely bearish sign.
Overall, this is an extremely bearish sign.
