H&S has failed but structure is still to the top side (hl's hh's), bias is for upside continuation to 760 with a stop below 660 swing low (if aggressive can dial up RR using a median line stop), if 660 is given would favour a broader double top formation and usdclp for lower.
For now weekly Mas are supporting price action.
But remember, anything can happen! :)
Long term top looks to be in place for NVIDIA, once the darling of crypto mining.. (might this signal material weakness to follow in BTC?)... Caution AMD also, should follow suit if NVDA breaks. Initial target would be 60 thought plently of fresh air below.
My long term bias here is that we have seen the last hurrah before market finally rolls over, there are still many bulls from 2017 looking to accumulate but i fear this market has to die away at least for 2/3 years in a final shake out... maybe of longer term interest 2022+. Meantime look for short plays
EM investor Franklin Templeton exhibiting a 8yr H&S top, neck has broken and is now retested, good low risk entry region here for target 12.50 low with a stop above the 35.82 high. Prospective RR at 8+
Price setting up as 4yr H&S continuation, 5 up and 3 down suggests test of 4.22 trend line resistance, a further break would suggest initial target to 5.38. Trade idea invalidated with a break below trend channel or Jan19 low.