/PA is in a bad shape at this point.
We had VTL Break , cycle low violation making lower lows and all it has achieved so far in this rally phase is rally sending it backs to the 38.2-50% fibs resistance levels.
We are creating a left-hand translation in this cycle , and it all projects to lower lows into July/August period.
It could potentially be forming a right shoulder of a H&S reversal pattern the next few weeks .
I don't like it at all.
We had VTL Break , cycle low violation making lower lows and all it has achieved so far in this rally phase is rally sending it backs to the 38.2-50% fibs resistance levels.
We are creating a left-hand translation in this cycle , and it all projects to lower lows into July/August period.
It could potentially be forming a right shoulder of a H&S reversal pattern the next few weeks .
I don't like it at all.