As you can see in the graph above, we have Head And Shoulders Pattern, in one sentence which indication gives us? a head and shoulders pattern describing a specific chart formation that predicts a bullish-to-bearish trend reversal.
For this reason, we recommend a sell signal with a target of 170.
Well the bottom is in for H&M.
We finished of the bear market with a textbook triple zig zag with a zig zag x wave.
Elliott wave theory is validated with a 1:1 fib ext X->Y nad X->Z
