Clear Head and Shoulders pattern, weekly close key to confirm that the pattern plays out. If this plays out it's a huge trade to the downside. This supports the fundamentals in Europe, where data is slowing and the Europe is struggling, could go into recession before U.S. Invalidation is the break of the right shoulder around 13,350.
Gold - That 1211 break everyone was watching finally happened, any pullback presents an opportunity to go long to target 1240 area. Original idea - www.instagram.com Twitter: B15HU Instagram: @long2bear www.long2bear.com
I posted earlier on my Instagram www.instagram.com that I can see downside targets in Amazon for the intermediate term achieved and this could present a buying opportunity. Long-Term I was looking to test the March Lows, however, it has retraced 50%, which is technically the median point of this rally, where traders can load up at cheaper prices.
I posted earlier last week on instagram @long2bear, that there was a Head Shoulders break on the #NASDAQ100 and look to sell rallies, the market touched the neckline, then we sold off hard. As you can see, we had our targets mapped out, and you can see, we nailed it. At the moment, on the sidelines until the chart clears up and presents us, with another...
$RUT pullback to 62% retracement from Feb 2018 (2018 low). I see the index pulling back 50% to resistance at 1620 region before we come back down to test the 1410 area. IF we take out the 1650 region, we could see higher prices to 1800 level. www.long2bear.com @B15HU