Hi there,
So my predicted Inverse head and shoulders didn't quite reach it's target. But I did manage to scalp some profit... Wasn't feeling exceptionally confident about the rally from a gut feeling and reading others' TA.
Nevertheless, now we have a perfect setup. A bigger Head and Shoulders pattern has emerged and it will be perfectly timed with the dump of last week. This will probably lead to a test of the downtrend channel as support, because we will be so close to it, may as well check.
GOOD LUCK BEARS!
So my predicted Inverse head and shoulders didn't quite reach it's target. But I did manage to scalp some profit... Wasn't feeling exceptionally confident about the rally from a gut feeling and reading others' TA.
Nevertheless, now we have a perfect setup. A bigger Head and Shoulders pattern has emerged and it will be perfectly timed with the dump of last week. This will probably lead to a test of the downtrend channel as support, because we will be so close to it, may as well check.
GOOD LUCK BEARS!
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It just touched the neckline perfectly. Ominous signs.
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Getting squeezed between 8150 resistance and the neckline now.