This is the point I was talking about yesterday, the fact that we couldn't break and hold over the 1M Bear Pennant tip today is a pretty clear bearish rejection.
We also dipped out of that new Bear Pennant fractal real quick, no hanging around to test the structure a bit more.
This makes it now look like another 3rd lower low H&S setup for further likely downside.
Not to mention an exact rejection off our red-dotted top of Down Megaphone extension.
As I noted previously, a rejection under 3900 and especially within the DM structure would be particularly bearish and that is the case playing out now.
I've wagered a couple off the cuff Right Shoulder predictions here just for fun.
We also dipped out of that new Bear Pennant fractal real quick, no hanging around to test the structure a bit more.
This makes it now look like another 3rd lower low H&S setup for further likely downside.
Not to mention an exact rejection off our red-dotted top of Down Megaphone extension.
As I noted previously, a rejection under 3900 and especially within the DM structure would be particularly bearish and that is the case playing out now.
I've wagered a couple off the cuff Right Shoulder predictions here just for fun.
Anmerkung
It recovered the Bear Pennant overnight, lets see if it can hold...Anmerkung
Oh snap, this might be the LL H&S taking shape...Anmerkung
It's testing the last right shoulder now for a potential break or rejection...Anmerkung
Ah interesting, this is what's happening...Anmerkung
Yep lol...
Data analyst with a passion for best fit lines B)
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Data analyst with a passion for best fit lines B)
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Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.