the failed reversal head and shoulders (5 Jan - 15 Feb) has reached half target and is now retracing, also for the events in Ukraine.
A retest of the 36000 zone would mean a continuation H&S formation, which means the current bullish retracement is just a correction, the target at the break of the neckline would be 28000, which is the same target as the major H&S from August '21 to January '22.
A net close above 40,000 would cancel this hypothesis.
A retest of the 36000 zone would mean a continuation H&S formation, which means the current bullish retracement is just a correction, the target at the break of the neckline would be 28000, which is the same target as the major H&S from August '21 to January '22.
A net close above 40,000 would cancel this hypothesis.
