Lower!

5 mars 2022

We have now a beautiful Head & Shoulder formation (reversal pattern) and price has taken out the prior two Higher Lows ( when the trend was up) ! According to this pattern, price should be heading down to the 217 area at least over the next few weeks or months ! I will wait until that level is reached to decide for any long entry. Just my opinion :)

7 mars 2022

Note

From the top of the head down to the neckline (perpendicular line) you measure the distance in points and then from the neckline you deduct the same number of points and this should tell you where the price is heading! It is not exact science but works pretty much many of the time! Lets see if this work this time :)