Targets of the initial head and shoulders patterns were met, albeit after the market played mindgames on the traders, with giant drops out of the ascending wedges.
Now I see two competing Head and Shoulders patterns. Which one will break the neckline first?
I'm personally using the lines of invalidation as entry and exit points. I think it is safe as it will invalidate the inverse head and shoulders. Considering the mindgames the market plays, better be safe than sorry. Trade at your own risk!
Now if both necklines break, but neither H&S is invalidated (by price breaks of the heads)... LOL.
GOOD LUCK BULLS!
Now I see two competing Head and Shoulders patterns. Which one will break the neckline first?
I'm personally using the lines of invalidation as entry and exit points. I think it is safe as it will invalidate the inverse head and shoulders. Considering the mindgames the market plays, better be safe than sorry. Trade at your own risk!
Now if both necklines break, but neither H&S is invalidated (by price breaks of the heads)... LOL.
GOOD LUCK BULLS!
Comment:
Neckline of the Inverse head and shoulders has been broken. BULLISH.
Comment:
KNOCK OUT! The winner is... THE GREEN TRUNKS
Volume a little low tho. Not feeling confident about this rally.
Volume a little low tho. Not feeling confident about this rally.
Comment:
Bull flag developing. If the bull flag breaks up, the target will be met!