Long by next week, short tomorrow.
Also could be just long tomorrow.
Just my analysis.
Sorry if the chart is noisy/hard to follow. Tried to fit a lot of analysis into a single chart image.
Two Possibilities in my opinion:
1. The H&S pattern completes and we retrace down to 180.5-179.70 zone.
This could fill the gap from last Fridays close to Mondays opening.
There's then a possibility that we form a double bottom using the 180.5-179.70 zone as the bottom.
2. We reject at the neckline or Yellow lower trendline and continue
in the channel to the red resistance trendline. In which case,
we're forming an ascending triangle
Also could be just long tomorrow.
Just my analysis.
Sorry if the chart is noisy/hard to follow. Tried to fit a lot of analysis into a single chart image.
Two Possibilities in my opinion:
1. The H&S pattern completes and we retrace down to 180.5-179.70 zone.
This could fill the gap from last Fridays close to Mondays opening.
There's then a possibility that we form a double bottom using the 180.5-179.70 zone as the bottom.
2. We reject at the neckline or Yellow lower trendline and continue
in the channel to the red resistance trendline. In which case,
we're forming an ascending triangle