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
Nota
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.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.