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Possible Head & Shoulders Forming

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Possible head and shoulders forming on the weekly chart could signal more downside ahead.

This plays into a large corrective wave that started in November 2021, which still needs to form a wave-C of comparable size.

A new high above the wave-B top would negate this count.
Dagangan aktif
This week we have likely seen the start of wave 3 of C. If wave C ends up forming into an impulse, then the target for wave 3 is roughly 100 around October. If wave C forms into a terminal (ending diagonal), then the target for wave 3 will be lower than 162 (greater than 100% of wave 1).
Nota
Projected price action.
syot kilat

Penafian

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