Unsymmetrical Head-and-Shoulder Pattern (SPY)
- This unsymmetrical head-and-shoulder pattern (SPY) is harder to identify because its shape is asymmetrical shapes.
- Also, it took 8 months to complete (July 2021-Feb 2022).
- Most importantly, SPY comes to a very critical level @430 which is its neckline or final support.
- If it breaks below 430, there is no support until the 321-357 area.
- It could mean a sharp sell-off when breaking down 430.
- Also, it took 8 months to complete (July 2021-Feb 2022).
- Most importantly, SPY comes to a very critical level @430 which is its neckline or final support.
- If it breaks below 430, there is no support until the 321-357 area.
- It could mean a sharp sell-off when breaking down 430.
- Watch out SPY to release all its downside power until 321.