40+ Day Inverted Head & Shoulders
Bullish Reversal Pattern
Neckline resistance questionablly diagonal
Volume profile essentially descending barring the head
Target based on; measured move, fib extensions, previous horizontal resistance
Throwback to diagonal zone of resistance turned support is possible after neckline break
Note: previous H&S broke SL at Right Shoulder and completed anyway. May see a similar pattern here.
Neckline resistance questionablly diagonal
Volume profile essentially descending barring the head
Target based on; measured move, fib extensions, previous horizontal resistance
Throwback to diagonal zone of resistance turned support is possible after neckline break
Note: previous H&S broke SL at Right Shoulder and completed anyway. May see a similar pattern here.
Note
currently in throwback area to confirm previous resistance as supportfinancialwhirlpool.com/index.php/technical-analysis/head-and-shoulders
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.