4hr possible H&S in the making, if we reach and test the 8500-8400 zone and go sideways this may play out to the downside target of 7300 and re-test the low from last week at 7240.
Macd indicates a crossover to the downside imminent.
RSI looking bearish
8500 needs to hold to turn to the upside
Macd indicates a crossover to the downside imminent.
RSI looking bearish
8500 needs to hold to turn to the upside
Comment:
Be careful this pattern looks like it's playing out!