Inverse head and shoulders potentially being made on the short term chart. Trend line, .5 fib retrace and 50ma coming into confluence in circled zone.
הערה:
target if proper break/continuation achieved
הערה:
Key area first
הערה:
200DMA in the vicinity
הערה:
big volume in this key resistance area
הערה:
Remember the correlation (inverse vix)
הערה:
Similarities with sept 2017 crash
הערה:
?
הערה:
הערה:
So right shoulder held nicely to that support. Now testing neckline + .764 fib retrace & R1 in area.
הערה:
Finally going to break this .764 retrace + double top (r1 level).
Longer term target is back to 100DMA up @~$11600.
Longer term target is back to 100DMA up @~$11600.
הערה:
pivot & .5 fib off 1st wave
הערה:
New pivot points & R1 and the .5 fib retrace will still be the level to push through with wave 2 potentially in place
הערה:
Inverse H&S to push us to test ~$9k again?
הערה:
Shorter term ^ will be battling this 4h H&S
הערה:
Back to the 200dma
הערה:
Same thing. This 9k level needs to be broken
