Reverse Head and Shoulders Pattern forming? Short

SP:SPX15

S&P 500SP

Description

⋅ Nov 8, 2018 10:05 PM

Looks like a Reverse Head and shoulders pattern forming possibly. Longs might want to hold off. Shorts get ready.

Comment

⋅ Nov 9, 2018 12:13 PM

My crystal ball and several kind viewers have informed me the red arrow should be pointing upwards. Cancel those sell orders. Buy Buy Buy!

Chart Patterns

Comments

buddyboo

⋅ Nov 9, 2018 12:11 PM

lol... I guess I should go long then. I'm surprised anyone even saw this.

Flexiflex

⋅ Nov 9, 2018 7:09 AM

I think you confused a little detail man...

hellreturn

⋅ Nov 8, 2018 10:30 PM

LOL? Reverse head and shoulder is reversal pattern. i.e. long term it will go up. Your red arrow is wrong.

Will_Wong

⋅ Nov 10, 2018 1:35 AM

It in incorrectly named. An inverted or inverse HnS which is bullish as opposed to a regular HnS.

Possum68

⋅ Nov 9, 2018 8:41 PM

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.

Teklologist

⋅ Nov 9, 2018 1:38 PM

Funny how this should be optimistic indicator but always fails bc it’s shorted to death. Still, I agree.