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Possible Head and Shoulder reversal @ 1H chart

Panjang
NiSource Inc (NYSE:NI)  
gsotolongo  
NYSE:NI   NiSource Inc
Support and Resistance Head and Shoulders Multiple Time Frame Analysis headandshouldersformation reversalpattern LONG downtrend uptrend
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supportandresistance headandshoulders mtfa headandshouldersformation reversalpattern long downtrend uptrend
On the down trend, there is a nice bullish head and shoulder forming with a possible long entry up to the resistance @ 1D.

We see the left shoulder and the head that formed nicely and the right should formation looks like it is supporting at the left should for a possible long entry.

I already entered the trade per my strategy which led me to enter a little earlier at the right shoulder formation.

You could wait a little longer for confirmation since the right shoulder hasn't finished forming yet.
Penafian

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