Hello Dear Swing Traders!
As long as the top @25300 stands firmly the latest price move needs determining as the «right shoulder». Let us assume that it would be by far better not to let those people go rather than jump for extra liquidity above that level. So "H&S" aiming @16200 is on top of our agenda. Alternatively, another false bullish impetus but with the same bearish final via a rising wedge.
Yours,
ICBF Swinger Dagmar
As long as the top @25300 stands firmly the latest price move needs determining as the «right shoulder». Let us assume that it would be by far better not to let those people go rather than jump for extra liquidity above that level. So "H&S" aiming @16200 is on top of our agenda. Alternatively, another false bullish impetus but with the same bearish final via a rising wedge.
Yours,
ICBF Swinger Dagmar