Price right at neckline again. Have made 2 right shoulder. If neckline is broken decisively.. Ihs has a target of 1960'ish Safe trading Ladies & Gents! BM Music at work: open.spotify.com www.youtube.com
The back test of the break out of the trend channel looks like a failure - But is now finding support at ma361 and creating the right shoulder in a larger IHS with a target around 107....but neckline has to be broken. Safe trading Ladies & Gents! BM
Let's see... neckline have to be broken before it's for real Have to hold the 38,2 retrace in the right shoulder ! Safe trading ladies & Gents! BM
Monthly chart is at a 1.272 fib extension so how the top is panning out...hm this is another possibility as a 3 drive to a top harmonic top pattern Safe trading ladies & gents! BM Music at work: open.spotify.com www.youtube.com
Price teasing with neckline but has still to make the breakout for the IHS' to pan out. Must admit that I still stick to my monthly chart that is finding a market top due to a harmonic pattern that has been building for over 3 decades and the latest 2009-2014 bull run ( See chart below) On the other hand a move back and forth - bouncing on the monthly 1.272 fib...