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Playing the reverse H&S
Looking for a rejection at the resistance of the reverse H&S, laddering shorts between 7140 & 7180 with a tight stop.
If we do bounce to the downside- taking profit and adding longs in the early 6900s.
Treading carefully here and keeping an eye on price action as right shoulder may fall out at 7050. If this happens, expect a drop to 6600s (.718 fib).
If we do bounce to the downside- taking profit and adding longs in the early 6900s.
Treading carefully here and keeping an eye on price action as right shoulder may fall out at 7050. If this happens, expect a drop to 6600s (.718 fib).
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