Hi there, I am hoping for the same thing as I am bearish to the whole scenario with the world's current situation; both in a pandemic sense and political. However, I am reminding myself that the stock market isnt the economy on a day to day basis & definitely learned the hard way for not trying to time and fight the trend.
I do have one suggestion for this analysis; perhaps add the Volume indicator as well so that you can compare the LH shoulder peak vs Head Peak Vs RH shoulder Peak to confirm this pattern with Volume? For a true pattern to play out, the peaks from LH to RH should gradually decrease showing signs of weakness (as per the book....., i am still learning myself).
I am not trying to criticize your analysis, just trying to share my thoughts and have a discussion :). Thank you for sharing.
I do have one suggestion for this analysis; perhaps add the Volume indicator as well so that you can compare the LH shoulder peak vs Head Peak Vs RH shoulder Peak to confirm this pattern with Volume? For a true pattern to play out, the peaks from LH to RH should gradually decrease showing signs of weakness (as per the book....., i am still learning myself).
I am not trying to criticize your analysis, just trying to share my thoughts and have a discussion :). Thank you for sharing.
Cheers mate.