It really looks like the price is drawing a Head and Shoulders. A break from the latest patter (Rising Wedge) would give this theory more power, while a weekly close above 42.00 would minimize the chances for it to be accomplished.
Kommentarer
vaicru
⋅
Next week I short Coca cola !
vaicru
⋅
Now has to be short !
Razvan
⋅
A short has a good probability!
Razvan
⋅
The price is near the trend line, continuing with the down move and confirm the H&S or will it draw a triangle?
QuantitativeExhaustion
⋅
never liked ascending necklines with H&S tops
Razvan
⋅
They are not my favorite either, but they still work. Especially on these big time frames. Why do you prefer the descending necklines?