Do we have a (somewhat messy) inverse Head and Shoulders pattern with expected upside to follow, in the making? Leave a comment and let me know what your bets are for a large scale pattern(s) !
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Could I have asked for more? No. Currently watching for 9200 level before 10k, where I will book some profit.
1. do not draw SHS before there is an SHS
2. SHS is a reversal formation and not a continuation formation
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@barefoot, For the 1st point, it is just a speculation, a prediction... It is very early in the making, but I am going to update this idea and follow the volume profile closely, until close of Q1 2020. Can you help me understand where I have called (indirectly) this a continuing formation? I do call for a continuation of the larger uptrend with bitcoin, and reverse of the short to mid term bear we have on the books.
2. SHS is a reversal formation and not a continuation formation