Hello Friends, Traders and Interested,
just a quick TA to JP 225. My past TAs according JP225 predicted quite well the price development. Which does not mean , that it will again work like that.
In the chart we might see the development of an Inverse H & S. All lines in chart. Lets wait and see what happens. For a quick trade I would go Long, when the Price pulls back from the rest area and runs back to the shown target.
Should the price not cross the red Neckline we have a triple top and the inverse H & S might fail. Than we might see a bounce back and it will be bearish.
As always, no trading advice, just educational.
Trade on your own risk and trade safe.
yours Sascha
A Like and Follow makes me happy.
just a quick TA to JP 225. My past TAs according JP225 predicted quite well the price development. Which does not mean , that it will again work like that.
In the chart we might see the development of an Inverse H & S. All lines in chart. Lets wait and see what happens. For a quick trade I would go Long, when the Price pulls back from the rest area and runs back to the shown target.
Should the price not cross the red Neckline we have a triple top and the inverse H & S might fail. Than we might see a bounce back and it will be bearish.
As always, no trading advice, just educational.
Trade on your own risk and trade safe.
yours Sascha
A Like and Follow makes me happy.