My theory on the next move:
So H&S and the Three Drives are essentially the same move here. You are going to get a spike on the backside of this structure resulting in a sharp drop over 3 to 5 days. I believe we will touch that trendline one more time as the bulls are throwing up some major last gasps here. I also think the backside of this mess will bring many sharp swings over the following two weeks once we settle into our new trend. There is a beautiful hidden triangle in this structure, which I highlighted. I use Wyckoff theory and a few other methods to determine my entries. Most of it seems to work well, but I wanted to share my thoughts on this move. What I'm excited about is that this may happen on Sunday night, or may hold out for another week. But I think it's going to be real early in the week that we get this move.
So H&S and the Three Drives are essentially the same move here. You are going to get a spike on the backside of this structure resulting in a sharp drop over 3 to 5 days. I believe we will touch that trendline one more time as the bulls are throwing up some major last gasps here. I also think the backside of this mess will bring many sharp swings over the following two weeks once we settle into our new trend. There is a beautiful hidden triangle in this structure, which I highlighted. I use Wyckoff theory and a few other methods to determine my entries. Most of it seems to work well, but I wanted to share my thoughts on this move. What I'm excited about is that this may happen on Sunday night, or may hold out for another week. But I think it's going to be real early in the week that we get this move.
Attached Image (click to enlarge)
2
Edit: Looks like it