4H chart
We have a second inverse H&S in formation with a target of ~15k.
We have a second inverse H&S in formation with a target of ~15k.
Commento:
Elliott waves :
After correction wave C, we can expect a new impulse cycle.
After correction wave C, we can expect a new impulse cycle.
Trade attivo:
Time to buy
Commento:
Update :
Next resistance :
- Around 11.5k (top of the downtrend channel)
- Around 12.7k (Old big support)
Next support :
Around 10k (SMA200 in yellow)
Around 8.7k (old neckline from 1st inverse H&S)
***Do not trade with my TA, It's not a recommendation to buy or sell.***