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.

Yorum:

currently in throwback area to confirm previous resistance as support

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