BCH seems to be quite strong today, or is it?
After confirming the H&S neckline, BCH retested it & failed. This is the single most reliable setup in TA.
Now, we see a retracement, which can help us guess where the next target could be (as charted).
Retracement target is between 1080 & 1160.
Alternatively, we do see a potential bearish swing failure. I personally think this is not so because the bearish impulse hasn't finished.
After confirming the H&S neckline, BCH retested it & failed. This is the single most reliable setup in TA.
Now, we see a retracement, which can help us guess where the next target could be (as charted).
Retracement target is between 1080 & 1160.
Alternatively, we do see a potential bearish swing failure. I personally think this is not so because the bearish impulse hasn't finished.
Comment:
strong spoofing going on --- dump soon?
Comment:
I have a feeling that BCH may just miss the target & bounce earlier, 820?
