SE: Inverted head and shoulders forming
Updated
SE (Sea Limited)
Being 85% off its all time high, SE is trying to form a bottom here.
The pattern I see on the 4h and daily chart is an inverted head and shoulders. It's a reversal pattern.
Inverted head and shoulders (like head and shoulders) are only confirmed once the neckline is broken.
The neckline is between 62.45 and 63.95 so I would consider a long entry for a swing trade if and only if we break 64. Just watching for now. But the chart is showing some positive signs.
The target of the pattern is at 90.
Trade safe.
Being 85% off its all time high, SE is trying to form a bottom here.
The pattern I see on the 4h and daily chart is an inverted head and shoulders. It's a reversal pattern.
Inverted head and shoulders (like head and shoulders) are only confirmed once the neckline is broken.
The neckline is between 62.45 and 63.95 so I would consider a long entry for a swing trade if and only if we break 64. Just watching for now. But the chart is showing some positive signs.
The target of the pattern is at 90.
Trade safe.
Note
Watch this one closely as it's showing positive developmentTrade active
breaking above neckline
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