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gr8fultrading
Sep 15, 2022 2:47 PM

An Inverse Head & Shoulders Just Formed Long

E-mini S&P 500 FuturesCME

Description

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

Trade active

Pattern technically invalidated, but still bullish. See newest post "Down to Go Up"
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