Head and Shoulders with potential target zones

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Classic H/S setup here - notes on chart $BBH $IBB $SPX             $SPY $QQQ $IWM
so far so good on this one - wish I had played it!
Great study
MaxxPayme Ecantoni
Thank you very much Ecantoni
Slightly descending H&S necklines are more bearish
MaxxPayme QuantitativeExhaustion
agreed but harder to spot and trade IMO...usually there will be some chop between horiz area and actual descending neckline that a lot of traders get chopped up in
i'd be more confident if price would attempt another try at the prior trend
MaxxPayme QuantitativeExhaustion
a failure there would be the best area to lay the short on - agreed - and you comment has merit based on the strength of the overall market. Many of these patterns may not ever play out if we continue higher. Although the BBH and IBB are showing relative weakness over the past week or so after huge runs
MaxxPayme MaxxPayme
call this part of a shopping list for shorts of sorts
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