Most of the time, when price action is uncertain on lower timeframes, it's always worth zooming out... It's never a bad time to sit out, I myself have de-risked and would much rather get the bulk around the middle of the next move, than hunt for the extreme bottom's or tops.
Yeah but we didn't break the neckline. Until the neckline is broken the pattern is a fail. Also if you turn on the line chart you'll see the H&S is ascending upward, which makes it a weaker H&S pattern.
FuriousMoney
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@BeingCryptic, H&S played out through the triple top as indicated on the chart. Many are referring to the oversized head and two tiny shoulders, that's unlikely. I don't believe we're still in a head & shoulders as it would make for an enormous head, suggesting the breakdown would drop the price sub ZERO...