PateSkpate
Long

S&P500 Inverse Head & Shoulders Pattern

FX:SPX500   S&P 500 index of US listed shares
This is easier seen on the 5min chart. The S&P 500             has put in an Inverse Head & Shoulders Pattern. This is a reversal pattern. Look to buy the Neckline or the Breakout (shown on chart). Look for Targets around Gap fill.
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@nlellouche - It's just a technical analysis on the S&P.. Not involving myself until it meets my rules.. If it goes lower than thats fine too, it won't bother me because I won't be involved in the pattern. And for the record, Patterns are reliable if you know how to trade them right. I've made a lot of money over at my Prop Firm trading them. Simple breakouts with consistent targets.. Very simple way to trade.
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patterns are already not super reliable so if you start anticipating them idk what to say
for the record H/S patterns fail the most
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