Not a financial advisor.
I will be a bit disappointed if the following pattern will not form.
After a breakout of the wedge it can possible to have a retest of that formation...
This retest would make the bullish case for a Inverse Head and Shoulders possible.
BUT going further down into the wedge makes the bearish case stronger for a new lower low.
Waiting for further developments.
I will be a bit disappointed if the following pattern will not form.
After a breakout of the wedge it can possible to have a retest of that formation...
This retest would make the bullish case for a Inverse Head and Shoulders possible.
BUT going further down into the wedge makes the bearish case stronger for a new lower low.
Waiting for further developments.
Comment:
I don't like the fact that there was 1 daily close below previous shoulder and inside the wedge.
But charts are not always 100% as I expect them to be! ;)
But charts are not always 100% as I expect them to be! ;)
Trade closed manually:
If daily closes below the "Close" from the Head, it invalidates the Inverse Head & Shoulder pattern.
Comment:
This proposal might still be valid.
Waiting for the tomorrow.
I still don't like the momentum driving into support.