Detailed out the underlying thought process because it always helped me when others did that.
As always, any errors you can point out in the application of this process are appreciated.
Please do not take this as a short term trade recommendation!
For the fun of it, here are some necklines (by no means all) from H&S (fuscia) or Inverse H&S (green / yellow current) that may still affect direction / velocity.
NVDA loves them, and current price is poised at highest POC (most volume for the price level). So breakout (up or down) is imminent!
So which of those necklines will win out? Needs a spike in volume...