Waiting for Rocket Lab to break out of this channel to enter the trade. IMO, two possible scenarios:
1) This could play out as a double bottom with a take profit @ $6.
2) An inverse head and shoulders pattern in which we are currently complete with the formation of an inverse head. Neckline is at $5.
Caution to be exercised around the $5 area to determine which of these scenarios could play out.
1) This could play out as a double bottom with a take profit @ $6.
2) An inverse head and shoulders pattern in which we are currently complete with the formation of an inverse head. Neckline is at $5.
Caution to be exercised around the $5 area to determine which of these scenarios could play out.
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