Thanks Jamie, I hope its a best move from a failed moved senario, but as you say the Spy inverse closed below its neckline on a daily basis and could well play out
nice spot Dave, scary as hell but nice spot, i was going to say its at the top of the chart so less chance of playing out, but so was the SPY inv H&S haha and look whats happened to that. we need a pull back first to retest that neckline, it could take a year or 2 to play out, GULP, lets keep an eye on it, nice one mate
Dont get me wrong, i am not bullish, I am in fact bearish, But be aware, Be ready to change bias
I would at least expect a pull back over the next few weeks
as they say , "trade what you see" ..............I can't argue with that. The neckline is downward sloping ........and the target would be spectacular on the upside !!
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I would at least expect a pull back over the next few weeks