This is a text book H&S. Very ugly chart. Is DOW JONES TRANSPORTATION AVERAGE INDEX telling us something big is coming this week or next?
액티브 트레이드
I adjusted the neckline to be exact on the wick. So we are still testing neckline. Let see if we can break it in the next few days. I do believe if transportation breaks everything else breaks too
노트
Also possible bullish divergence on RSI if we bounce tomorrow. Dow Sell signal triggered in my opinion.
액티브 트레이드
I adjusted back the neckline. It broke down hard. Possible bullish divergence is still possible if we bounce tomorrow. Short it on the bounce.
액티브 트레이드
Bullish Divergence most likely to play out. Should bounce shortly to retest neckline or close to it. Small Santa rally .... Before a BIG SELL OFF IN JANUARY
액티브 트레이드
Looks like topping out today. Should head lower
액티브 트레이드
Now this is the Top I think. We are going lower
액티브 트레이드
Possible Bearish divergence on RSI (daily and 4 hour charts)