SavageBear197

SavageBear197

the IVH&S was looking good, but now the opposite is starting to form. Looking at the Oscillators below... I could see this playing out (not that I want it too). I am looking for one more large red candle in the next 48 hours, before taking a brief long position. Look for the next red candle to "bounce" back up, not go flat like the last couple of legs...

SavageBear197 Updated 

I am still fairly new, so this is in no way technical/investment advice. I think the inverse head and shoulder is a real possibility here. I am looking for the action to come back into the 27-28 range to complete the right shoulder. From there, I don't see much in terms of resistance until 47-50 range where the next decent volume was evident.