Description
⋅ 4H chart
We have a second inverse H&S in formation with a target of ~15k.
Comment
⋅ Correction: On 4H chart, the target for inverse H&S is around 18k.
Next resistance :
- Around 11.5k (top of the downtrend channel)
- Around 12.7k (Old big support)
Next support :
Around 10k (SMA200 in yellow)
Around 8.7k (old neckline from 1st inverse H&S)
***Do not trade with my TA, It's not a recommendation to buy or sell.*** Comment
⋅ Elliott waves :
After correction wave C, we can expect a new impulse cycle. Trade active
⋅ Time to buy
Comment
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