[SPX] BEWARE the Ghost HEAD... Still Holding 1M H&S Structure!
It's hangin by a thread but the Right Shoulder breakout is still contained within a 1M H&S Head Fractal aka Ghost Head.
Watch yourselves out there! Conditions may just be about to get even rougher.
Watch yourselves out there! Conditions may just be about to get even rougher.
코멘트:
Back up to magenta, lets see if it breaks through or rejects, overall still pretty bearish...
코멘트:
Fractals holding well...
코멘트:
These new red and yellow dotted fractals are key inflection points to keep an eye on if we're going higher, otherwise you can watch it ping pong to a new low...
코멘트:
Red dotted is a broader down megaphone bottom fractal that fits nicely along the top here.
코멘트:
Ghost head moment of truth...
코멘트:
It's trying to test the op of 1.5Y Peak Channel again, how it reacts there will make the next move more clear...
코멘트:
Fractal rejected with some space and avoided the touch, typically bearish...
코멘트:
Keep an eye on the iterating topping fractal inflections...
코멘트:
Keeps getting stuck here, let's look out for breakthrough or rejection again...
코멘트:
Tested the next dotted fractal...
코멘트:
New topping fractal rejected Price today...
코멘트:
Upchannel fractal held very nicely here, we're in No Man's Land, notice the gap over our red megaphone fractal, this is all lookin pretty precarious...
Data analyst with a passion for best fit lines B)
www.tradingview.com/...keout-Bull-Trap-Lol/