If it breaks the neck line, may see a down trend with confirmation of heand n shoulder patern.
Comments
LeLaf
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Bullish Engulfing candle after uptrend. Not confirmed yet. Could be a reversal sign..
LeLaf
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Still bullish. I beleive the head an shoulder will not confirm.
LeLaf
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So is it finally reversal time? Bearish engulfing confirmed by downtrend gap today. Could be a short play for next week.
LeLaf
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Apparently, this Head n shoulder patern does not want to break its neck. On an uptrend but just got a bullish engulfing candle end of day. If it confirms tomorrow, may still have some room to short it.
LeLaf
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Evening star not confirmed. Seems to have taken an uptrend instead of a down trend.