Hello Aussie traders,
After the hanging man bearish reversal (on daily graph), BIG found support near Fib Ret 50%. And it soared 21% today !
From the 4H chart on the left, it is still early to confirm it is a correct structure of head & shoulder.
From the 4H graph on the right, we know the crossover Down occurred. Will it break the kinjun-sen resistance tomorrow?
BIG time is ticking...
Left chart: LONG position entry price > $4.17 (Fib Ret 23.6%)
Right chart: LONG position entry price > $4.135 (Kinjun-sen resistance, and also confirm if Chinkou span stays above price)
Good luck.
After the hanging man bearish reversal (on daily graph), BIG found support near Fib Ret 50%. And it soared 21% today !
From the 4H chart on the left, it is still early to confirm it is a correct structure of head & shoulder.
From the 4H graph on the right, we know the crossover Down occurred. Will it break the kinjun-sen resistance tomorrow?
BIG time is ticking...
Left chart: LONG position entry price > $4.17 (Fib Ret 23.6%)
Right chart: LONG position entry price > $4.135 (Kinjun-sen resistance, and also confirm if Chinkou span stays above price)
Good luck.
Comment:
Right shoulder confirmed
