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.
코멘트:
target if proper break/continuation achieved
코멘트:
Key area first
코멘트:
200DMA in the vicinity
코멘트:
big volume in this key resistance area
코멘트:
Remember the correlation (inverse vix)
코멘트:
Similarities with sept 2017 crash
코멘트:
?
코멘트:
코멘트:
So right shoulder held nicely to that support. Now testing neckline + .764 fib retrace & R1 in area.
코멘트:
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.
코멘트:
pivot & .5 fib off 1st wave
코멘트:
New pivot points & R1 and the .5 fib retrace will still be the level to push through with wave 2 potentially in place
코멘트:
Inverse H&S to push us to test ~$9k again?
코멘트:
Shorter term ^ will be battling this 4h H&S
코멘트:
Back to the 200dma
코멘트:
Same thing. This 9k level needs to be broken
