Bandarsq
Long

Inverted Head & Shoulders Awaiting Breakout

FX:SPX500   S&P 500 index of US listed shares
SPX500             is probably forming an inverted H&S . A breakout of the neckline must see in order to long.
Comment: Nice Breakout.
Trade closed: target reached: It Hit both targets :)
Yes, but I think we get a pullback to the 2050s first, the 1hr wave just broke the uptrend. after that there is some bullish divergence on the 2hr/4hr charts that needs to unwind, taking us up towards your targets 1 and 2. but after that, I believe things get ugly for the S&P towards the end of this week.
snapshot

+1 Reply
not even
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Wauw I love H&S's. Even though i'm not sure this is one. I till love it!!
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The blue arrow is meant to be there :)
+1 Reply
perfect
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