Prior Head & Shoulders pattern.
Price is below the neckline, but is still inside the Rectangle .
Targets in white above the Rectangle are possible if price breaks the resistance line.
Targets in orange are for a break the Rectangle support line.
Alternate Bearish Shark noted inside the Rectangle . Price terminated at the 1.113 on the 4th leg and broke the resistance of the H&S neckline for several trading sessions.
Short interest in under 1%.
Earnings 9-22 BMO .
The rectangle is neutral until a trendline is broken.
Price would have to break bottom trendline of Rectangle to meet 'it's targets.
No recommendation
Price is below the neckline, but is still inside the Rectangle .
Targets in white above the Rectangle are possible if price breaks the resistance line.
Targets in orange are for a break the Rectangle support line.
Alternate Bearish Shark noted inside the Rectangle . Price terminated at the 1.113 on the 4th leg and broke the resistance of the H&S neckline for several trading sessions.
Short interest in under 1%.
Earnings 9-22 BMO .
The rectangle is neutral until a trendline is broken.
Price would have to break bottom trendline of Rectangle to meet 'it's targets.
No recommendation
Comment:
ES for the H&S pattern is a break of the neckline (316) with a downtrend