potential invH&s in play if we make it to 10k & get rejected

Apr 29, 2020

We are currently testing the weekly 50ma as resistance here...if we can overcome it the next resistance will be 10k if we see a solid rejection at 10k we will then start forming the right should of an INV H&s shoulder pattern that could have a breakout target of 17k so keep a close eye on this pattern as it develops./..of course these patterns are never guaranteed until the confirm the final breakout above the neckline so if i does reject at 10k there will still likely be some time involved before we have a chance of validating this potential pattern. I will be closing some longs at 10 k but if we cant get above the weekly 50 ma I will start laddering them out here.

Apr 29, 2020

Note

Apologies when I said 10 k I meant 10.5k I hope people realize that just by looking at my trendlines on the chart

Jun 2, 2020

Note

if you hit play you can see we have just now hit the neckline and we are currently seeing a rejection from it slightly.