INVERSE HEAD & SHOULDERS - NEW HIGHER LOWS
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Good afternoon everyone.
We've broken the downtrend since June 1st and have swept some of the highs.
I'd still like to see 9800 but if we start showing signs of bearish signals I'd look to build a short position. This can easily blast through 9600's once we break this resistance around 9575 zone. If bulls fail at doing that a retracement will be mandatory before continuation.
Spending the day watching video's and reading.
Enjoy your day & stick to your trading plan.
We've broken the downtrend since June 1st and have swept some of the highs.
I'd still like to see 9800 but if we start showing signs of bearish signals I'd look to build a short position. This can easily blast through 9600's once we break this resistance around 9575 zone. If bulls fail at doing that a retracement will be mandatory before continuation.
Spending the day watching video's and reading.
Enjoy your day & stick to your trading plan.
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