Fractal H&S followed by retest neckline/100day EMA fractal?

26 Ara 2018

Wondering if we will get a test of the neckline of the recent H&S top pattern or 100 day MA on the weekly, similar to early May 2008 before the subsequent bear market.

27 Ara 2018

Not

Closer look of recent head and shoulders and break down below the 100 day EMA on weekly. Also recent death cross on the daily all suggest a possible bear market is coming soon. However, here are some retrace targets into likely resistance at the 100 day EMA (which is also in the vicinity 0.382 retrace listed below) before suspected further drop
0.382 =$2575
0.5 = $2642