Inverse head and shoulders potentially being made on the short term chart. Trend line, .5 fib retrace and 50ma coming into confluence in circled zone.
評論:
target if proper break/continuation achieved
評論:
Key area first
評論:
200DMA in the vicinity
評論:
big volume in this key resistance area
評論:
Remember the correlation (inverse vix)
評論:
Similarities with sept 2017 crash
評論:
?
評論:
評論:
So right shoulder held nicely to that support. Now testing neckline + .764 fib retrace & R1 in area.
評論:
Finally going to break this .764 retrace + double top (r1 level).
Longer term target is back to 100DMA up @~$11600.
Longer term target is back to 100DMA up @~$11600.
評論:
pivot & .5 fib off 1st wave
評論:
New pivot points & R1 and the .5 fib retrace will still be the level to push through with wave 2 potentially in place
評論:
Inverse H&S to push us to test ~$9k again?
評論:
Shorter term ^ will be battling this 4h H&S
評論:
Back to the 200dma
評論:
Same thing. This 9k level needs to be broken
