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