Big downside if we fail to break up
Updated
Natural flow indicates a push higher.
A failed new high would form a head
and shoulders pattern and give a deep
correction, and an excellent accumulation
opportunity.
Best to wait for confirmed breakout and
retest for entry up.
A failed new high would form a head
and shoulders pattern and give a deep
correction, and an excellent accumulation
opportunity.
Best to wait for confirmed breakout and
retest for entry up.
Note
I also guess a double-top would signal a major reversal in trend too.4200 is the number it needs to significantly break above.
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