ABC correction and head and shoulders - Short target $3800

1-5 Impulse wave just completed, Looks like an ABC correction wave in progress we have just hit the B peak and it looks like we are now heading down to complete the correction pattern. There is also a head and shoulders pattern at the top of the B wave peak with the neckline nearly breaking down.

Enter Short trade on break of neckline.

If this wave down moves as expected this looks like it will form a larger head and shoulders pattern with the neckline at around 4200.

Short target around $3800.00.

Comment:

Order cancelled:

Neckline not broken.. headed to the moon.