The pattern is not as clean as I would like so I have been hesitant to call this, but I think we are going down another leg and possibly bottom from 2800 to 3300 based on the head and shoulders continuation patttern. This also happened right before we dropped from 6200. if we dont drop within 48 hrs the pattern is invalidated
Trade closed: stop reached:
pattern invalidated as the right shoulder got too high. Its possible this could be the left shoulder and the head is in the middle of forming, will wait for a more clear set up. We just had over 36 hrs of upside, Hard to tell if we just bottomed or if we are forming one more huge bearish pattern.