2 possible scenarios for European stocks (VGK):
Scenario A (H&S)
Currently start forming a Left Shoulder:
If the above scenario plays out then targets are 45 and maybe even 34$.We favor this scenario
Scenario B (Trading range ~54-60)
This is a rather neutral scenario although we believe that if it plays out , it will be followed by a gradual descend towards 50 and later on even 44$
Scenario A (H&S)
Currently start forming a Left Shoulder:
If the above scenario plays out then targets are 45 and maybe even 34$.We favor this scenario
Scenario B (Trading range ~54-60)
This is a rather neutral scenario although we believe that if it plays out , it will be followed by a gradual descend towards 50 and later on even 44$
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