Many indicators line up for a price around 145-160

29 Şub 2020

- The highlighted area in green has served as bottom/top for a year.
- Recent head and shoulders, if completed, would take price to the highlighted green area.
- Historical resistance line from June falls on the green highlighted portion.
- A 50% correction from the recent top falls on the green.

9 Mar 2020

Not

The shoulder got a bit hunched there, but it's going according to plan.

I'd consider a retest and fail of the neckline (210-215) confirmation of H&S. If it breaks through 215 and comes back for a retest, I'm exiting short position.