NQ1! Rising Wedge into Head and Shoulders

6 באוק׳ 2020

Big reversal incoming. The failure of the rising wedge has become part of a head and shoulders pattern. The neckline coincides with a major support zone (pink)

8 באוק׳ 2020

הערה

A second shoulder has formed on the right side, which qualifies this pattern as a complex head and shoulders. As long as the price stays below the top dotted line, the situation remains decisively bearish. The price target is 10800.