yeah thats a real tough call for me. i cant quite picture any other formation happening except a H&S bottom. a big one. i do remember bringing up that i have 101.4ish as a confluence zone. on the daily its brone an uptrend line and momentum indicators are looking like there is some potential for a H&S **top** on that daily timeframe. which would project a new low.
thats tough to imagine, but it is possible. we've talked about how bonds and USD might breakdown.
yeah thats a real tough call for me. i cant quite picture any other formation happening except a H&S bottom. a big one. i do remember bringing up that i have 101.4ish as a confluence zone. on the daily its brone an uptrend line and momentum indicators are looking like there is some potential for a H&S **top** on that daily timeframe. which would project a new low.
ReplyDeletethats tough to imagine, but it is possible. we've talked about how bonds and USD might breakdown.
my inclination is to short it on the 4hr