REMEMBER HS pattern and triangle pattern are always 50:50 patterns (coin toss), not reliable patterns to predict the move
1. still under bearish zone 1985 daily
2. 1989 still act as a strong resistance (will drop to retest 1985 support resistance (become support or resistance)
3. if 1994 hit, I will see it as a bullish reversal signal, because 1994 will open 1997 and 2004 possibility
4. bear traders must be wary that 1994 is not a bearish signal, it will open gate to 2004 zone retest which will invalidate bearish engulf on 4H TF
for bear:
1. daily must stay under 1989 and 1985
2. 1964 will be the next zone (if double bottom not strong enough to reversal)
3. will make new chart if 196x hit
4. still be wary of 1994 zone retest
1. still under bearish zone 1985 daily
2. 1989 still act as a strong resistance (will drop to retest 1985 support resistance (become support or resistance)
3. if 1994 hit, I will see it as a bullish reversal signal, because 1994 will open 1997 and 2004 possibility
4. bear traders must be wary that 1994 is not a bearish signal, it will open gate to 2004 zone retest which will invalidate bearish engulf on 4H TF
for bear:
1. daily must stay under 1989 and 1985
2. 1964 will be the next zone (if double bottom not strong enough to reversal)
3. will make new chart if 196x hit
4. still be wary of 1994 zone retest
Comentarios:
1994 and 2004 already state on previous chart, this just follow up chart
