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lauralea
Aug 23, 2022 5:36 PM

Ugly Top 

Lowe's Companies, Inc.NYSE

Description

The ugly top has been forming for quite some time.
Also called a complicated head and shoulders as there are more than 2 shoulders.
Short entry would be a break of the neckline which is strong support, with a confirmed downtrend.

Also looks like a Bearish Cypher and the 4th leg may have finished at the .786.
Valley 2 (V2) is lower than V1.

No recommendation.
Neutral until neckline is broken.
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