This was my idea yesterday, I forgot to publish. Obvious H&S breaking the uptrend channel
At $1720 we should see some support and possible scalp up to $1800
Overall still a downtrend until proven otherwise….
Could break $1720 and head straight to $1380,
As we all know the market doesn’t move in straight lines and when it pushes far from the ribbons we usually see a heavy retrace always aiming for .618
$1816, $1850, $1890 are rough estimates if it reaches that high, if not sell for better entry.
Good luck, and have fun with it
At $1720 we should see some support and possible scalp up to $1800
Overall still a downtrend until proven otherwise….
Could break $1720 and head straight to $1380,
As we all know the market doesn’t move in straight lines and when it pushes far from the ribbons we usually see a heavy retrace always aiming for .618
$1816, $1850, $1890 are rough estimates if it reaches that high, if not sell for better entry.
Good luck, and have fun with it
