As can clearly be seen, just because my prior post was an S-Post, doesn't mean it was wrong. The iH&S dramatically under-performed, measured move in Fuchsia set target to $8200. The H&S target we see in blue will mightily over-perform, likely to the skyblue line below. For greater context, please view my macro picture; lateral lines were where we rested/reversed on the way up and I expect the same to be true on the way down. If we blast trough 2 level expect a reversal up one level.
We are in a bear market and will be until we start seeing bullish formations perform at least to target and stop seeing bearish formations out-perform.
