This is to confirm our target Level of 112.004
When the markets re-open we could possibly see the downward trend continue to retest the support before shooting up to form a perfect Head and Shoulder pattern. I would suggest you close any short positions however my analysis is indicating a 111.750 hunt before a LONG to establish the right shoulder.
When the markets re-open we could possibly see the downward trend continue to retest the support before shooting up to form a perfect Head and Shoulder pattern. I would suggest you close any short positions however my analysis is indicating a 111.750 hunt before a LONG to establish the right shoulder.