Inv Head and Shoulders before 14k

9 de jun. de 2020

Short term bear with the inverted right shoulder yet to be formed after bouncing back off the 10,400 level. Pull back to 7k range before blow back through up to 14k.

23 de jul. de 2020

Nota

Looks like we may have the shortened low of the right shoulder behind us. A lot of pressure from the bulls to get back to the neckline at 10,400. There's several stops ahead before we get there with 9800 and 10000 being the 2 big ones. But it's a positive note for the bulls, that the large red trendline that started from the ATH in December 2017 has held as support, limiting the drop of the right shoulder.
I expect to see upward trend over the next few days as we get to the neckline, and then we will see who wins that battle!