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SkyTrees

H&S Signal for a market correction?

Short
Netherlands 25 (OANDA:NL25EUR)  
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OANDA:NL25EUR   Netherlands 25
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
A bearish H&S pattern has emerged on the NL25 index against a strong resistance structure which I believe is the beginning of a market correction.

Commentaire:
You can clearly see a death cross with the 20EMA crossing paths with the 200EMA signifying a correction in the market. Strangely, this was also the first index to record this anomaly which lead to the correction in Jan 22'.

www.investopedia.com...rms/d/deathcross.asp

snapshot
Commentaire:
We've seen a test of the H&S base as resistance with the bearish continuation.
Trade fermée: cible de profit atteinte:
As planned.

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