From what I understand on the volume profile for confirmation of head & shoulders it does not meet the typical profile. Ideally, but not always, volume during the advance of the left shoulder should be higher than during the advance of the head. Together, the decrease in volume and the new high of the head serve as a warning sign. It does fit the profile for the head portion. Volume increases on the decline from the peak of the head, then decreases during the advance of the right shoulder. Final confirmation comes when volume further increases during the decline of the right shoulder. I guess time with tell if it truly develops but it is apparent that there is trend reverse occuring.
And I do not see the other invserse H&S you mentioned curious to where you see that? Thanks for sharing as I am in Kava got in sub 1.5 luckily before entering the cloud on the 15M. 🚀
cmerged
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@danksterfire, Sorry for the other comment looked at the wrong chart. But I am just following the price action within the different levels. For me, that it looks like an inverse head and shoulders is just coincidental.
And I do not see the other invserse H&S you mentioned curious to where you see that? Thanks for sharing as I am in Kava got in sub 1.5 luckily before entering the cloud on the 15M. 🚀