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So much for the yellow band of resistance. I realized that the band's range should have been higher and right now the retrace is hovering near a 61.8% retracement, which may be forming the right shoulder of the H&S now.
I guess we'll see...GL!
Stock Market Analysis With The Elliott Wave Principle -Dow Jones, S&P 500, Russell 2000, Nasdaq and FX. All charts and commentary on this site are strictly the opinions of the author(s) and are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing. See disclaimer at the bottom of the page.
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