DislikedINV H&S ? measured move bring us to the 15 june high. (I'm trying out a new way of looking at the chart.) {image}Ignored
I can't see anything that looks like the H&S however there are lots of technicals on the chart
See chart.
- Upchannel has failed
- price action inside the channel was not impulsive
- Nearby support has failed
- bearish engulfing candle
- Risk off general market
Right now price is bang on the support line and can go either way.
But I am now more bearish than bullish.
If we bounce off this level then 65k is back on the cards
Attached Image (click to enlarge)
If you think you can or cannot do it you are correct