I've been calling for a head and shoulders since Nov. 2 when the left shoulder was forming, I was a little off on where the head would end but overall a successful/profitable call. Normally these patterns indicate further downside so I would think we would at least make one more drop to the 5900 area.
Trade closed: target reached:
Didnt expect it to happen in a couple hours later but a pleasant suprise. Hard to tell where exactly its going next, but the recent hourly candle suggest more downside. Will be watching closley today and tomorrow.