Possible symmetry in markets developing as part of a broader, yet-to-be confirmed head and shoulders pattern. Look for initial leg up before turning sharply around to form a second right shoulder.
Commentaire:
Still looking for a head and shoulders pattern to form with possibly 2 right shoulders to complete the symmetry on the left side. However, market still trading pretty sickly here and probably best not to get too cute looking for a rally of any durability. Best position is probably for when the eventual break comes in the neckline and market moves lower.