The Power of a SHS compared with a Trendbreak and a flag

82 2 7
You can`t escape the power of a flag :-) TP2 reached. With the yesterday`s Q-3 results GWPH             crashed to its mentioned TP2 of the shs             @ 101.77. GWPH             was traded intraday till 103,06$. Thats`s really har             but it was early predictable. GWPH             closed on its Bollinger Bands & trendchannels bottom edge. IMO             that should initiate a little Rebound. For a possible reboundtarget, the 38,2 fibo makes sense. (109,92). The RSI moreover shows an oversold Situation which increases the likelihood for a Rebound. Good trades!

former Analysis: GWPH             with bearish FLAG
The break of the neckline let the price drop to its trendchannel bottom edge. At this niveau, a consolidation between 110,75 - 116 started. This is the neutral Zone.
GWPH             is forming a bearish flag .
This results in two tradingmarks (yellow arrows) :
Short trigger: 110,5 - TP 121,5 (trendchannels upper edge)
Long trigger: 116,5 - TP 101,5 (target of the flag and the max. target of the bearish head-shoulder-Formation.

Target reached!
TP @ 112$ - the min target of the mentioned shs             is reached today. Today we kissed the trendchannels lower edge so i exspect a little rebound before TP will be aimed....The possible target of a rebound could be the 38,2 or 0,5 fibo-retracement @ 118,5/ 121 - lets see.

On its way up again
The shs             has not be confirmed up to now.
Prices above the "right shoulder" should generate an new buying-Signal with TP1 @ ATH             .
At the ATH-level i exspect a little consolidation before the ATH             will fall.
If GWPH             can Close the days above ist ATH             , that generates a new cyclical target @ 143-147$

GWPH             with bearish H&S ?
GWPH             is forming a bearish H&S @ the daily chart .
A Close above the right shoulder generates a shortterm target @ ATH            
A Close below the neckline @ 117,75 generates a Minimum target @ 111$ / maximal target @ 103,5$

Consolidation started?
The middle-term Long-tradechannel has to be discussed.

-A dip to the old breakout-Level @ former ATH             111,5$ has to be exspected, when GWPH             Closes below 117.
-A Close below 111/103 generates a sellingsignal with target @ longterm uppertrend bottom-edge @ 88,5
Bullish Score: 1

Only 1 of 8 indicators are bullish. Prefer a score of 6, 7, or 8 to consider bullish.

thx for you reply and your interesting indicator setting. Did you create that set on your own? Which logic is behind all These indicators?
Through the years i took distance from trading with indicators. I prefer Trends and classical Chart Patterns, We will see. My mentioned Rebound is a very shortterm view, not sustainable...
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