The set up was designed to show the coil within the formation expected a pop up to the upside and also had concerns if a push to the 200 level fails that the price action could turn Negative and approach Bearish Targets. The Price action needs to break the thin red break down line drawn to approach my "Danger Will Robinson Danger" Line where a bigger move to the...
Notes on chart. Short at your own risk this chart is not ready for short yet. IMHO. Sidelines til next move over 193... but weekly does look like resolution could come soon.
Last few times we correctly predicted upside move both 145, 185 and finally 193 thought we were bullish but only played bearish trades now it looks temp peak posted and the chance to see 200 price is less likely it was a few weeks ago. The chance now is $156.90 area before a significant bounce come to play. Will have a new short entry if price violates or breaks...
Head and Shoulders
If the neckline gets broken, we have a head and shoulders pattern with a stop above the right shoulder and a R/R 1 : 1 target.
The other trades are the AB=CD completion. (See different chart...below.)
And a reversal after the gartley completion. (See different chart...below.)
