We should see a heathy correction there. This head and shoulder is now clear so we can expect to hit 11,5K minimum. We can expect something quilck and painless as it will be back in blink at old highs. Hold do not need try to trade this correction...
Good call, James! I think you were the first I saw to spot the Head and Shoulders indicator. Hopefully, 12,347 (which is exactly a 38% correction by my calculations from the top of 19,900) is now the bottom to keep this bounce moving up from. Although, that short term bottom could be tested. All the best
Abc123_a
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@Inspirar, Pretty pround of that call. it has it perfectly my target!!!
However it might not have been a true Hand and shulder as volume was, in fact, not comfirming this patern!
Next days sould be interesting... we can expect the correction not to be fully finished and see new lows...its is possibility
Staying cautious on this one...
franklino79
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interesting how your RSI indicator is shouting BUY!!!!!!!