Primary trendline - Yellow line
Bear channel -white line
-Split channel - orange line
Possible H&S forming - Purple
Rejected - on break out of bear channel.. XLB sector showing exact same chart
First target is 33.15 gap close which would be an exact touch on primary channel.
If it bounce i will cover
if it falls through , 31$ is next target and if it doesnt bounce there H&S at play which I'll then be back
Bear channel -white line
-Split channel - orange line
Possible H&S forming - Purple
Rejected - on break out of bear channel.. XLB sector showing exact same chart
First target is 33.15 gap close which would be an exact touch on primary channel.
If it bounce i will cover
if it falls through , 31$ is next target and if it doesnt bounce there H&S at play which I'll then be back
