H&S setup forming?

2022年8月26日

It should test the neckline again at least. From there it's anyone's guess, but I'm leaning bearish. September Trip witch is right around the corner and the market pivoted down right at August Monthly expiry. Perhaps it slides into Trip Witch and bounces out. Should be another inflection point either way.

2022年8月26日

コメント

It could possibly bounce to 50% retrace and still make the right shoulder

2022年9月2日

トレード終了: 利益確定目標に到達

I closed my short yesterday and went long. However, I think we see some more bear next week.

There's bullish divergence on the stoch bottoms and engulfing 4hr candle. Daily is a Doji Dragonfly. Should see a shallow pullback for open or this plot guess is invalid.