short

15 Mar 2022

I did mention about a possible H&S pattern in the making while prices were around 1992, it did form and as expected the downside spiral has come into action, price breached the 38% with ease and now settling around the 50% mark, move stops below the 38%, I don't think the 50% level would hold too long and we should see a drop towards 1891 which is the 61% mark.