I am sharing this possible inverse h&s because the volume is looking good for h&s. This pattern also sits on a big falling wedge.
The target is time dependent of breakout. Even if upper edge of the falling wedge is lower than the actual possible target, you can expect retrace from there, if it can manage to get up there.
Of course this analysis highly dependent of the current market situation.
I wouldn't get in any position before it breaks the neckline.
The target is time dependent of breakout. Even if upper edge of the falling wedge is lower than the actual possible target, you can expect retrace from there, if it can manage to get up there.
Of course this analysis highly dependent of the current market situation.
I wouldn't get in any position before it breaks the neckline.
Order cancelled:
Not going to happen.
This is the wedge referred above.