1hr
1. Redrew Neckline from wicks instead of bodies.
2. Deleted Mini H&S that was negated upon passing above its right shoulder.
3. Wow, I sure called that Red dotted line support. I added a support at our low, which we still may test for a double bottom.
4. Added the very relevant Stochastic RSI. Which is just leaving the oversold territory on the Daily, 1 hr, 2hr, 30min and wait for the 15 minute to come down as well price a little more (6400 Max) to get these stars aligned
5. We have a very slight bullish divergence from the lows of 6/16 and 5/15. This in a small way helps the bullish scenario.
6. Passing the first red line would negate the Inverse H&S pattern.
7. Adjusting Take Profit target due to a lower breakout point of the neckline at this point in time as well as overhead resistance. Target is 6990.
1. Redrew Neckline from wicks instead of bodies.
2. Deleted Mini H&S that was negated upon passing above its right shoulder.
3. Wow, I sure called that Red dotted line support. I added a support at our low, which we still may test for a double bottom.
4. Added the very relevant Stochastic RSI. Which is just leaving the oversold territory on the Daily, 1 hr, 2hr, 30min and wait for the 15 minute to come down as well price a little more (6400 Max) to get these stars aligned
5. We have a very slight bullish divergence from the lows of 6/16 and 5/15. This in a small way helps the bullish scenario.
6. Passing the first red line would negate the Inverse H&S pattern.
7. Adjusting Take Profit target due to a lower breakout point of the neckline at this point in time as well as overhead resistance. Target is 6990.
