The inverse H and S failed on the 4 hr yesterday, I was expecting the right side to print up to NQ 30,500, it never happened, failed and turned down, late day rally was just a retest attempt and likely final out for institutions before the weekly triangle breaks lower, yesterday was a perfect chance to break the triangle higher, it failed, very bearish to me. The same setup was at the BTC top last Oct., the inv. H and S was there, all but the right side, I fully expected the break higher, it failed and then crashed.
Bearish 4 hr
Started by
CLK
, Jul 16 2026 07:04 AM
2 replies to this topic
#2
CLK
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Posted 16 July 2026 - 08:55 AM
Weekly triangle, ABCD and now E toward the lower line, soon far below NQ 29k.
#3
CLK
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Posted 21 July 2026 - 03:35 PM
Looks like just a retest of the broken lower triangle line, I doubt it goes much higher than today's highs and likely just sells the rest of the week now.
