Shoulder completing - symetry on A shape - bearish sentiment
Classic symmetrical shoulder retracement from Sept 18th rising from 1484 to 1536, back to current 1497 shows potential to consolidate in mid-upper 1480s first of Oct.
.5 fib from h/s formation would support at 1478. Further solid breakdown below mid 1480s shows a drop to 1450 range could develop rapidly over the following week, with a potential break below to 1415 or as far as 1380s while still maintaining overall bullish trajectory heading into Nov-Dec.
Sustained move over 1508 would tend to disrupt pattern and provide move to neutral outlook.
.5 fib from h/s formation would support at 1478. Further solid breakdown below mid 1480s shows a drop to 1450 range could develop rapidly over the following week, with a potential break below to 1415 or as far as 1380s while still maintaining overall bullish trajectory heading into Nov-Dec.
Sustained move over 1508 would tend to disrupt pattern and provide move to neutral outlook.
Nota
Chart line followed to target, completing shoulder formation.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.