Real nice setup here on ROSE. Inverse head and shoulders in the context of a lower range deviation and recovery.
The retest of the range low came in on low volume, which is what you would want to see in a Spring event and checkback using the wyckoff method.
A common retracement would being us first to the range high at the .382 with the measured move of the inverse head and shoulders pattern and .618, a secondary level that we could see traders taking profit.
The retest of the range low came in on low volume, which is what you would want to see in a Spring event and checkback using the wyckoff method.
A common retracement would being us first to the range high at the .382 with the measured move of the inverse head and shoulders pattern and .618, a secondary level that we could see traders taking profit.