On the 15 minute Chart, there appears to be a "head and shoulder" formation in the works. If this holds true, then the target Short is .57 and this would be the retest. It is possible the to go lower.
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This is an Update to expand the zone for the possible head and shoulders
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If this breaks below 73, then expect a retracement to neckline!
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OK here is a tighter version.
Neckline 70, nest stop if a break at 62, the 58 Alerts are set! expect a below 58 to 48 range. This could also be a retest of the recent low eventually.
Neckline 70, nest stop if a break at 62, the 58 Alerts are set! expect a below 58 to 48 range. This could also be a retest of the recent low eventually.
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Holding True
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Technically this failed to form the right shoulder in a symmetrical manner. Therefore, I call bust. However, this may still go to the down side......
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DEAD DEAD DEAD
