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lauralea
Apr 18, 2021 2:42 PM

Ugly Top 

Ambarella, Inc.NASDAQ

Description

Head and Shoulders with an extra shoulder. Head and shoulder or ugly tops do not do well in a bull market. Some will get to the neckline and the support of the neckline holds. Some may pierce the neckline but do not fall far. Inverse H&S do well in a bull market. The opposite is true in a bear market.

I would just be safe if I were to go long on AMBA. Everything changes, except change

No rcommendation

I have seen a lot of bearish top patterns go down then form a bullish bottom pattern and come back up lately.

Comment

short entry: a break down through NL (neckline) with a downtrend
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