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andmk2
Jan 30, 2020 9:39 AM

Time for Centamin to reverse? 

CENTAMIN PLC ORD NPV (DI)LSE

Description

Inverse H&S pattern formed on CEY which started in May 2018.
Reasonable results today and gold in a strong position. Will it go further?

Comment

Breakout, then failed (for now)

Comment

Should I have said "faked" rather than failed. Now 188.

Cup and handle pattern forms the bigger picture and took a decade to form.

Comment

Yes it came to pass, with a 217 high but lately it has fallen below 136 support. #bearish
Comments
uk_nasa
what normally happens when theres a Inverse H&S pattern? does price go up or down?
uk_nasa
when a pair forms a Inverse H&S, then what typically happens after that?

will it go down for a sell or will it be a buy?
andmk2
@uk_nasa, I'd advise you to read up on it. Try investopedia, although that's one of many sources. Good luck.
uk_nasa
@andmk2, thanks pal
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