An Inverse Head & Shoulders Just Formed
A relief bounce/short squeeze is in the works here.
The potential targets are up in the yellow box. This pattern will be invalidated if price goes below the blue trend line today (from June's lows).
One could go long here at 3950, but it's less risky to wait for the pattern to trigger
Watch for a break through the neckline ~3975 and acceptance above
The potential targets are up in the yellow box. This pattern will be invalidated if price goes below the blue trend line today (from June's lows).
One could go long here at 3950, but it's less risky to wait for the pattern to trigger
Watch for a break through the neckline ~3975 and acceptance above
Trade active:
Pattern technically invalidated, but still bullish. See newest post "Down to Go Up"
