Inverse Head and shoulder pattern.
This pattern appears when a trend is about to reverse.
After years of down trend, stock is showing trend reversal on weekly charts.
Huge volumes indicate there is accumulation complete.
Accumulation phase is followed by participation phase.
Here Participation phase and pattern breakout will go hand in hand.
Chemical stocks are buzzing but SHK hasn't performed till now.
Idea published just for educational purpose.
This pattern appears when a trend is about to reverse.
After years of down trend, stock is showing trend reversal on weekly charts.
Huge volumes indicate there is accumulation complete.
Accumulation phase is followed by participation phase.
Here Participation phase and pattern breakout will go hand in hand.
Chemical stocks are buzzing but SHK hasn't performed till now.
Idea published just for educational purpose.
Comment:
Mother Candle Strategy
