Interesting chart here. We have a long term H&S pattern forming that began in July 2016. We now have the completion of a short term H&S pattern which itself is the right shoulder of the long term H&S pattern.
I will be looking for a short opportunity following a clean break of the short term H&S neckline and a retest of the:
neckline
trendline
50ema
fib level.
If long term H&S pattern comes to fruition, I will be looking to add to position if we break and retest neckline.
I will be looking for a short opportunity following a clean break of the short term H&S neckline and a retest of the:
neckline
trendline
50ema
fib level.
If long term H&S pattern comes to fruition, I will be looking to add to position if we break and retest neckline.