although there's an inverse h&s i strongly see price melting due to the TL rejection and break of the CTL. sellers are over extended at the moment hence i am expecting upside movement to retest either one of my TLS.
yes, the daily inverted hs had a measly finishing leg, that went back to neckline without much buyer power...in your chart your dead on, that 4hr inverted hs leg is highly probable to complete, and then go to shits back...but if this 4hr leg is strong and beats to a good strong rally completing the daily leg, then might be a continuation...but its not to probable huh? buyers ran out of fuel... at least thats why I think that rally faded into a range that went back to the traffic zone its currently at...imo
yes, the daily inverted hs had a measly finishing leg, that went back to neckline without much buyer power...in your chart your dead on, that 4hr inverted hs leg is highly probable to complete, and then go to shits back...but if this 4hr leg is strong and beats to a good strong rally completing the daily leg, then might be a continuation...but its not to probable huh? buyers ran out of fuel... at least thats why I think that rally faded into a range that went back to the traffic zone its currently at...imo