Inverse Head and Shoulders forming on the 1 hour
Hey guys!
Trades went well yesterday, but we haven't yet reached the breakout target of $9.4(ish) from the inverse head and shoulders.
It looks like we now have a Head and Shoulders forming on the 1 hour which if confirmed, it looks like we could head back down to retest the 1:1 Gann Fan that is the Inverse Head and Shoulders neckline from the break up.
We'll see what we're looking like after the move down, depending on momentum -we could head back up and reach the previous target of $9.4.
Would love to hear what you all think! Do you think we're heading back down? Or do you think this is a Bull Flag?
Thanks for checking out my analysis!
Trades went well yesterday, but we haven't yet reached the breakout target of $9.4(ish) from the inverse head and shoulders.
It looks like we now have a Head and Shoulders forming on the 1 hour which if confirmed, it looks like we could head back down to retest the 1:1 Gann Fan that is the Inverse Head and Shoulders neckline from the break up.
We'll see what we're looking like after the move down, depending on momentum -we could head back up and reach the previous target of $9.4.
Would love to hear what you all think! Do you think we're heading back down? Or do you think this is a Bull Flag?
Thanks for checking out my analysis!
Komen:
*Head and shoulders (NOT INVERSE) typO
