We retraced back in the last hourly chart, hitting our stop at 123-20. The pattern is broken!
We're back over the neckline this morning. moving stop loss to 123-20 (from 123-16). Target is 124-02 based on height of the pattern.
Neckline of 123-23 was breached intraday but with no follow through. Position is long and strong with a stop out at 123-16.
There appears to be an inverse H&S forming on the 1 hour chart of 10 Year US Treasury futures. Neckline at 123-22+.
Gold futures were setting up an inverse H&S pattern on the one hour chart. We broke the neckline last night and hit the 1307 target today. I'm measuring distance from head to neckline as 10 points.
