a wait and see trade - Chart 1/3
Waiting for three options for this one to take off higher.
1. price will head down to complete 2nd shoulder on H&S and bounce.
2. Price will complete 2nd tap into demand zone and be rejected - completing the foundation for a range - which in turn will break out on the 5th.
3. price to break higher (through supply zone just above ) and starting the 2nd leg up
In short, not a clear trade just yet. not on the weekly at least. Will check Daily too.
1. price will head down to complete 2nd shoulder on H&S and bounce.
2. Price will complete 2nd tap into demand zone and be rejected - completing the foundation for a range - which in turn will break out on the 5th.
3. price to break higher (through supply zone just above ) and starting the 2nd leg up
In short, not a clear trade just yet. not on the weekly at least. Will check Daily too.
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