Hi traders
Inverse H & S formed. Lets see if it will hold.
Neckline - watch for retest bounce. Target 11,100
Option 1
Breaks through the neckline it will be subwave 3 commencing and we are currently in completion of wave c of subwave 2
Option 2
Bounce off neckline indicates completion of bear market truncation reversal pattern which will end up being subwave 3 impulse upward.
Option 3
Proceeding without going back to retest neckline, be careful of a bull trap (will be option 1 in disguise). Needs further retracement at this level to validate first wave.
Only for educational not intended as trading advice.
Chur
Inverse H & S formed. Lets see if it will hold.
Neckline - watch for retest bounce. Target 11,100
Option 1
Breaks through the neckline it will be subwave 3 commencing and we are currently in completion of wave c of subwave 2
Option 2
Bounce off neckline indicates completion of bear market truncation reversal pattern which will end up being subwave 3 impulse upward.
Option 3
Proceeding without going back to retest neckline, be careful of a bull trap (will be option 1 in disguise). Needs further retracement at this level to validate first wave.
Only for educational not intended as trading advice.
Chur
註釋
Please like if you agree. I need 1 more reputation point to chat. Thanks.註釋
Thank you
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。