Reversed H&S?
I dont know how it will turn but there is a chance that this is a reversed H&S. If it will work, the 1.618 expansion target is around 50% Resistance on Daily. Right now a SG is forming on H4. I will take that signal.
Of course. it could also be H&S Failure as DiNapoli describes it. The price was contained by 61.8% Fib and then closed below neckline. This is a confirmed Sell signal. I will take that if SG will be canceled.
PS to Dave Hanson: You did not write it but you surely blamed Sive for your loss, deep down. Blaming others will take you to even greater losses. Heads up! Green pips to you!
I dont know how it will turn but there is a chance that this is a reversed H&S. If it will work, the 1.618 expansion target is around 50% Resistance on Daily. Right now a SG is forming on H4. I will take that signal.
Of course. it could also be H&S Failure as DiNapoli describes it. The price was contained by 61.8% Fib and then closed below neckline. This is a confirmed Sell signal. I will take that if SG will be canceled.
PS to Dave Hanson: You did not write it but you surely blamed Sive for your loss, deep down. Blaming others will take you to even greater losses. Heads up! Green pips to you!