TradingView
Flash430
Jul 1, 2018 1:27 PM

Italian BTPs get ready for next leg lower  Short

Description

Head and Shoulders top playing out nicely. Currently in wave iv triangle of larger wave 3 (or C) down to 108-111 area where there is a confluence of 61% retrace of the 2011 upswing plus H+S top target and also 3/c = 1.618* a(1)
Already short but you can add to shorts here at 127.25 with a stop 2 points higher and looking for perhaps 17 points on the downside in coming weeks/months
More