Russel 2000 Head and Shoulders in play

After another head and shoulder that broke to the downside, we find a similar pattern playing out. As the RSI is pointing down whilst there is a downtrend in play, we are looking for the head and shoulders to be completed and break down.

The next target corresponds with the previous supports of dec. 2018 and aug. 2017.

Comment:

Right shoulder in development phase. Be patient.

Order cancelled:

Idea is invalidated. No position taken