could this be a big inverse H&S?

for this chart Long only after confirmed breakout - best to enter on retesting the neclkine which is also the downtrend line from some decent level like 9200-9400

Komentarz:

here is the breakout - one and a half hour until the UTC daily close - holding above 8600 would be first small confirmation

Zlecenie aktywne:

possible range of the breakout is 9150, still aiming for at least retest of 11800-12000

Komentarz:

on a weekly chart it seems we need at least 8900 if not over 9k to confirm the breakout - OTOH with the start of next week it'll start immediately above as long as the price stays above 8550-8600. Also 8550 could be the pull back level and a good opportunity for long entry - with tigher short term trading stops below 8400 or wider below 7700.

also this whole week volume does not look convincing yet 4H volume being over 10k is twice as high as all three past trend line touches - it was always around 5k per 4h.

Zlecenie aktywne:

fresh look here