H&S pattern developing

5 במאי 2020

Seeing H&S developing and it should play like that given the situation BUT we have a wildcard - namely the FED.
And them saying they are ready to buy ETFs to prop the market, I am not sure it will play out this way

5 במאי 2020

הערה

A thing to watch here would be a divergence on the right shoulder bounce. The strength of the divergence may give us a hint on how deep the right shoulder correction would go

6 במאי 2020

הערה

We had a nice trade today from rejection of the 2887 down to 2855. Looking for continuation to 2830 after consolidation in the 2855 area