Yesterday's turn around was quite intense and rather unexpected. Presumably led by bad US macro that even had the EURUSD and gold rallying.
So, there are some mixed signals at the moment, hence the neutral view. This could still make an inverse h&s, but the argument for it is weakened after the quick sell off. It seems both bears and bulls are equally ready to sell and buy at these heights.
Good luck! I'm on the sideline observing.
So, there are some mixed signals at the moment, hence the neutral view. This could still make an inverse h&s, but the argument for it is weakened after the quick sell off. It seems both bears and bulls are equally ready to sell and buy at these heights.
Good luck! I'm on the sideline observing.
