Could this be a setup for an explosive summer? I don't know, but it's a possibility and something to consider. For now, profit can be made waiting for the bottom to play out on the now apparent H&S pattern to play out -with possible support found somewhere between 6500-6600. If we go lower, than that, I would expect a much longer drawn out 2018. But let's stay positive! If we get support at 6500, then we will have a higher low and we can expect not ever reaching this low again and having a great 2018 with a confirmation of an upward pattern. The target is between 11000-12000 resistance. But upon the completion of a possible inverse head and shoulders, it could be higher. Thus, an outbreak for an explosive summer. Either way, the setup is to at least double investment from 6-12K.
- Cheers
Chasells
- Cheers
Chasells