Possible inverse Head and Shoulders Pattern building up
**No Financial Advice**
Just some thoughts on what I see.
- Building up a huge inverse head and shoulders pattern
- Left shoulder, Head and right shoulder are building up higher lows on the RSI
- Right shoulder bottom could be in line with long term macro trend bottom line and the upper trend line re-test of the downtrend channel between May and October
- Areas to watch would be the price range of the left shoulders bottom and both trend lines I mentioned before
Due to the market nuke yesterday - this idea is highly risky. But I cannot unsee those signals.
Just some thoughts on what I see.
- Building up a huge inverse head and shoulders pattern
- Left shoulder, Head and right shoulder are building up higher lows on the RSI
- Right shoulder bottom could be in line with long term macro trend bottom line and the upper trend line re-test of the downtrend channel between May and October
- Areas to watch would be the price range of the left shoulders bottom and both trend lines I mentioned before
Due to the market nuke yesterday - this idea is highly risky. But I cannot unsee those signals.
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