Nikkei Reaches Major H&S Resistance
Charles Biderman | Aug 01, 2014 01:52AM ET
As shown on the following Weekly chart of the Nikke E-mini Futures Index, price has now reached a potential Head & Shoulders major resistance level.
Failure to hold above the 15500 level may see price plunge back down to the neckline at 14000. A break of that level with conviction puts the H&S pattern target at 11500.
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