INO Inverse H&S Trend Reversal
This chart displays an inverse H&S, touches of the LS can be seen on 1.618, and the head touching on 2.618.
We know this is a trend reversal pattern due to the MA currently acting as a support, contrary to the previous resistance line during the formation of the H&S.
This is a weekly chart.
Buy is warranted.
We know this is a trend reversal pattern due to the MA currently acting as a support, contrary to the previous resistance line during the formation of the H&S.
This is a weekly chart.
Buy is warranted.
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