Or this is the 2nd scenario for possible H&S
In this case the neckline has already been broken.
Its has been either already backtested or is still due for a backtest at around 45500 which many people are counting on.
Still downward momentum is great and the fact that we never backtested neither 62300 nor 53500 prevents me from longing here.
Target for H&S is 20000 that everyone was calling back in Jun-Jul and a logical gap from the past to be filled.
IMHO this scenario will happen faster than my previous one, or they can come as a combo: 20000 - backtest of 30000s - down to 12000
In this case the neckline has already been broken.
Its has been either already backtested or is still due for a backtest at around 45500 which many people are counting on.
Still downward momentum is great and the fact that we never backtested neither 62300 nor 53500 prevents me from longing here.
Target for H&S is 20000 that everyone was calling back in Jun-Jul and a logical gap from the past to be filled.
IMHO this scenario will happen faster than my previous one, or they can come as a combo: 20000 - backtest of 30000s - down to 12000