Hello everybody.
On the 4 hour chart I have identified a possible H&S pattern. So now we are headed into the right shoulder within this pattern. If the pattern holds then Jan the1st I expect to see a low of .31 to .28. I have also included a similar pattern in the chart that dates back to Sept 25 to Oct 11th for comparison.
Dec 17-19 .28 low to a .39 high.
Dec 22-24 .34 low to a .45 high.
Dec 27-29 .32 low to a .37 high.
Proposed idea if the right shoulder holds.
Dec 30- Jan 1st to a .28 low, then possible lower lows given the nature of the H&S pattern.
Cheers
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