What makes it textbook?
You can average your shorts in now with a stop above the head. However, waiting for the neckline (bearflag) to break downward VIOLENTLY is the confirmation. We may come back up and test the neckline again after following the pink arrow to the fibonacci level. The drop will be equidistant to the size of the head in the bear flag.
See the links below for a longer-term outlook. I don't usually post 30-min (short term) but this one is really shaping up (literally.)
You're Welcome!
- Volume decreasing over the formation
- Volume increasing on each top of shoulders/head
- negative volume consolidation
- bearflag, slowly grinding up
- very symmetrical
- prior uptrend with lower volume than left shoulder
You can average your shorts in now with a stop above the head. However, waiting for the neckline (bearflag) to break downward VIOLENTLY is the confirmation. We may come back up and test the neckline again after following the pink arrow to the fibonacci level. The drop will be equidistant to the size of the head in the bear flag.
See the links below for a longer-term outlook. I don't usually post 30-min (short term) but this one is really shaping up (literally.)
You're Welcome!
Comment:
taking too long. Still in favor of dropping but no longer head and shoulders pattern
Comment:
watching this circled area closely:
