Reverse Head and Shoulders Pattern forming?

SP:SPX   S&P 500 Index
331 6
Looks like a Reverse Head and shoulders pattern forming possibly. Longs might want to hold off. Shorts get ready.
Comment: My crystal ball and several kind viewers have informed me the red arrow should be pointing upwards. Cancel those sell orders. Buy Buy Buy!
It in incorrectly named. An inverted or inverse HnS which is bullish as opposed to a regular HnS.
Swing and a miss... The reverse head and shoulders pattern is a bullish upward pattern. Even a simple google search would show you that. Your arrow is facing the wrong direction.
Funny how this should be optimistic indicator but always fails bc it’s shorted to death. Still, I agree.
lol... I guess I should go long then. I'm surprised anyone even saw this.
+1 Reply
I think you confused a little detail man...
+1 Reply
LOL? Reverse head and shoulder is reversal pattern. i.e. long term it will go up. Your red arrow is wrong.
+1 Reply
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