Inverse H&S Shoulder Pattern
Based upon the volume profile, AI's stock has been in basing stage since March. An Inverse H&S has been forming since late March and the right shoulder is starting to form. According to standard technical analysis, it is only confirmed upon a break above the neckline however, the neckline is 13 points away.
I would much rather accumulate AI here considering if the pattern plays out my risk:reward is 1:5. Let me know what you think.
If you like this idea, be sure to hit the like button or follow me.
I would much rather accumulate AI here considering if the pattern plays out my risk:reward is 1:5. Let me know what you think.
If you like this idea, be sure to hit the like button or follow me.
AlgoTrend Capital LLC
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