Posts
As mentioned in the previous post, we are yet to close above the broadening formation. A close above will be bullish. We can also see the inverse H&S formation with the right shoulder created.
Too much negativity in the markets. September/October memory shivers. Markets will need to overcome all that if it has to march ahead.
I personally see the markets breakout of the neck line and retrace back towards the neckline in october to create a throwback before heading higher.
I could be wrong, that is why I place stops. :)
No comments:
Post a Comment