Is an explanation really needed?
Take note of the inverse H&S forming as well.
And I will say, if you turn on "log" and then redraw the line, you will notice that it gives a cap on the play at around 26400. So if you're still bold enough to hold a long all the way to there, GET OUT THERE!
Take note of the inverse H&S forming as well.
And I will say, if you turn on "log" and then redraw the line, you will notice that it gives a cap on the play at around 26400. So if you're still bold enough to hold a long all the way to there, GET OUT THERE!
Trade closed: target reached:
We have reached the target, and the market is shifting bearish. Should see a strong pullback soon.