ANOTHER SCENARIO
There are 2 patterns I see, the bat and a head and shoulders. I hate to contradict myself but I see it )o; This could have been a Head and
Shoulders pattern that did not make a 100% fall which is not unusual. This pattern can fall more or less than 100 percent.
The 2 spinning tops are sitting on the prior neckline so I turned this level blue versus green as it has been recently broken.
The prior fall from the possible neckline hit between the .618 and the .786 before reversing up. This would mean it hit T2 and almost hit T3 (.786) on the last descent.
H&S is bearish versus a Bullish Bat pattern.
Time will tell and one or the other pattern will play out. it is possible the H&S fall is complete. The H&S can break back above the neckline as no pattern lasts forever and patterns continually morph.
Nothing in the market is written in stone and anything can happen.
Change is the only thing that never changes )o:
No recommendation
Shoulders pattern that did not make a 100% fall which is not unusual. This pattern can fall more or less than 100 percent.
The 2 spinning tops are sitting on the prior neckline so I turned this level blue versus green as it has been recently broken.
The prior fall from the possible neckline hit between the .618 and the .786 before reversing up. This would mean it hit T2 and almost hit T3 (.786) on the last descent.
H&S is bearish versus a Bullish Bat pattern.
Time will tell and one or the other pattern will play out. it is possible the H&S fall is complete. The H&S can break back above the neckline as no pattern lasts forever and patterns continually morph.
Nothing in the market is written in stone and anything can happen.
Change is the only thing that never changes )o:
No recommendation
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