If the H&S u r mentioning is the one I posted in my mechanical thread, then a close below 2800 today will confirm the break of intermediate uptrend...
Logically, it should target 2500....
only hiccup is the over-sold state of higher time frames...
i experienced one thing: even sideway moves can cool off RSI...
60min can also remain over-sold for some more time, without giving any good bounce....
if u r positionally short, then today's break of 2800 has given a good previous lower-high which we can keep as a trailing stop loss... forget RSI
(will discuss more in my thread, as this thread pertains to Intraday trading only)
