Bear case on thin ice but not invalidated yet.
A breakout over a 1M H&S Right Shoulder that takes the form of an Island Reversal by EOD while crossing over and closing under the ATH isn't a strong breakout confirm. Looks a lot more like a False Breakout here. On the other hand, momentum does look strong so could just be a technicality but need tomorrow's data to confirm. Proceed with caution.
Bear case likely requires yields to spike or oil to tank.
1W ATH close tomorrow may seal the Bull case and next up leg.
Anything short of that is still bearish.
Stock Market Championship Game
Chicago Bears vs. Chicago Bulls
3/12/2021
A breakout over a 1M H&S Right Shoulder that takes the form of an Island Reversal by EOD while crossing over and closing under the ATH isn't a strong breakout confirm. Looks a lot more like a False Breakout here. On the other hand, momentum does look strong so could just be a technicality but need tomorrow's data to confirm. Proceed with caution.
Bear case likely requires yields to spike or oil to tank.
1W ATH close tomorrow may seal the Bull case and next up leg.
Anything short of that is still bearish.
Stock Market Championship Game
Chicago Bears vs. Chicago Bulls
3/12/2021
Data analyst with a passion for best fit lines B)
相關出版品
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。
Data analyst with a passion for best fit lines B)
相關出版品
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。