Reverse Head and Shoulders Pattern forming?

SPCFD:SPX   S&P 500 Index
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!


lol... I guess I should go long then. I'm surprised anyone even saw this.
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I think you confused a little detail man...
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LOL? Reverse head and shoulder is reversal pattern. i.e. long term it will go up. Your red arrow is wrong.
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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.
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