EUFN: European Financials In Potential Sign Of Trouble ?

A huge "potential" Head And Shoulders is forming since 2010.
Prices are not very far from completing its Right Shoulder and the entire H&S formation.
Measuring from the Head to Neckline, it has a price target of approx $12.79 downwards from the neckline.
The 2 possibilities will negate this H&S formation:
(1) A non-break of the neckline and leading to upside reversal or other complex consolidation.
(2) A break above the Head level at $26.65
Prices are not very far from completing its Right Shoulder and the entire H&S formation.
Measuring from the Head to Neckline, it has a price target of approx $12.79 downwards from the neckline.
The 2 possibilities will negate this H&S formation:
(1) A non-break of the neckline and leading to upside reversal or other complex consolidation.
(2) A break above the Head level at $26.65
Not
Prices have broken out and down of the trend line since the formation of the Right Shoulder started in Jul. I don't rule out a short term consolidation before prices make a final upside thrust to complete forming the Right Shoulder.
I'm watching for more downside momentum and volume before concluding that prices have indeed rolled over.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.