Rocco91

Rocco91

reversal point and confirmation

Rocco91

correction move to close the gap

Rocco91

inverse H&S to form and create buy opportunities. Stimulus hopes and vaccine release to push bull momentum

Rocco91

Areas to buy and hold until new highs are made

Rocco91

quick sell and consolidation at respected zones then shoot up

Rocco91

quick correction then heading for 11500. Could happen without the correction

Rocco91

if it does reach that level, i'm going long with all i can. I see strong support at that 10400 level, if not 10300. Either way, i'll be going long today, all day.

Rocco91

After the strong push upwards, i think it's at a breathing point. NYSE session might do the job.

Rocco91

Inverse Head and Shoulders, more visible on 5min time frame

Rocco91

profit from both directions

Rocco91

It should bounce off the 9800 price and shoot up to set a new high. Should it break the 9800 level, i predict it will form an Inverse H&S for the upwards movement to set a new high. The US will be opening business this week so i have confidence that one of these two predictions will play out.

Rocco91

waiting for the right shoulder to form then going short until 9950

Rocco91

either way it breaks, im gonna wait for restest and ride the wave

Rocco91

i had the idea of an H&S formation and waited for the Right Shoulder to form. i knew it would complete because the gap couldn't be filled during the Asian session. 9400 Level was a point of interest and i figured the buys would take place there. Fundamentals played a part too to my technical analysis. With The gap having to be closed, i knew it would provide...