could this be a repeat of the feb low inverse h&s?
sure seems like we could be rising from another low…
if this is a repeat of the h&s pattern it could very well suggest this time we’ll be breaking up, out of the trend.
The numbered and alphabetised points on the chart are significant points to give attention, especially for deciding on the placement for this recent left shoulder; we could easily mistake points b & c for the neckline and end up with a very different right shoulder placement. because the left shoulder is very small here, we can expect the right to be much larger, if this is indeed an h&s pattern emerging.
On the RSI we see the shifting price divergences at these points as we encroach upon the head. There’s a lot of symmetry happening here and I wouldn’t be surprised if we see higher prices come May.
This TA is more speculation than anything. Just experimenting with an idea and replaying on the same patterns, trying to understand what they mean and where they might lead, instead of focusing on overlays and indicators and trends.
sure seems like we could be rising from another low…
if this is a repeat of the h&s pattern it could very well suggest this time we’ll be breaking up, out of the trend.
The numbered and alphabetised points on the chart are significant points to give attention, especially for deciding on the placement for this recent left shoulder; we could easily mistake points b & c for the neckline and end up with a very different right shoulder placement. because the left shoulder is very small here, we can expect the right to be much larger, if this is indeed an h&s pattern emerging.
On the RSI we see the shifting price divergences at these points as we encroach upon the head. There’s a lot of symmetry happening here and I wouldn’t be surprised if we see higher prices come May.
This TA is more speculation than anything. Just experimenting with an idea and replaying on the same patterns, trying to understand what they mean and where they might lead, instead of focusing on overlays and indicators and trends.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.