- This is a chart I have been struggling with for a few days now.
- On weekly line chart, there is a SHS bottom formed. Parameters are : Head (bottom) 1023; LS & RS both at 1065; Neckline 1122. Upside potential = 1122-1023 = 99 points ie 1221.
- Strictly speaking, last week close 1125.59 > NL = Buy signal that I should have executed, but did not as I was holding out for a close > 1131 for stronger confirmation.
- Will take action tomorrow. Give up on SHS top and go on to SHS bottom instead. Oh! How the markets love to toy with our emotions and make fools of us.
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