I am monitoring this since April we created the double top . I think could be 50% chance we got the double top and now we are going down below the December 2018 lows to establish a new bear market or we could bounce on the support trendline 2780.
If the bounce will happen I am confident that we are going create an Inverse H&S with a target to 3670 ( ATH ).
Both cases are good:
Inverse H&S can bring us a very good profit of 20% (entry on the neckline breakout)
A bear market can lead to good entries in a couple of years to assets that now are too expansive.
What do you think:
1) we still have one leg up
2) Time to go down after 10 years Bullrun
Let me know
If the bounce will happen I am confident that we are going create an Inverse H&S with a target to 3670 ( ATH ).
Both cases are good:
Inverse H&S can bring us a very good profit of 20% (entry on the neckline breakout)
A bear market can lead to good entries in a couple of years to assets that now are too expansive.
What do you think:
1) we still have one leg up
2) Time to go down after 10 years Bullrun
Let me know