(4h) The Structure, The printed Shark and the eventual one
SPX500
Entering overbought, looking left we can see huge period of 4days testing the rsi @ 80 before it print us a decent correction. So, this is the one of the worst scenario that we can have here, the other one, is a rally ignoring all the thought and also previous high and eventually all time highs :)...
The good news, a completed Bearish Shark at 161% extension, and an eventual point C for another Shark, this time a bullish one, that completes @2035$
The Head&Shoulder is very hard to predict unless when it gets completed, or almost, but just in case...
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161% - 1h Divergence & Structure
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Still printing Divergence
