Chart, page-16976

I have found intraday chart patterns to be far less reliable than those (of particular durations)
on daily and weekly charts, but I was watching out for this shoulder level, as the pattern is
debatably valid on a daily scale as well. Now that it has formed a lower high at the same
level as the "left shoulder", with a typical volume profile and a horizontal neckline, it catches
my attention...
Despite the intrinsic bearishness of the H&S Top, no chart pattern is truly valid until it
completes (ie: breakout) and a H&S Failure, if it breaks above 1.885, would still be a bullish
pattern. To me, therefore, trading between 1.885 & 1.34 is no man's land.
I do think though that even if it breaks to the downside, standard target measuring levels
would be unlikely to be achieved unless supported by some very extreme macro conditions.

I look anxiously forward to the day where speculation, however, educated it may be, is
outweighed by more clarity on partnerships, commercial products, and revenue. "Revenue"
may have become a dirty word around here lol, but the potential for more extreme volatility
will IMHO be reduced only in proportion to the developments on those fronts and many more
conservative institutions will be unable to get on board until then. The same goes for the
volatility of news articles, & social media posters lol. Those things will hopefully be resolved
in time. I'm happy to wait.