ACRE Inverted H&S at Middle LineSuggesting a reversal at the middle line of this dominant down channel in grey.
This reversal is assisted by the inverted head and shoulders pattern, with the right shoulder being a bullish period of trading.
(1) is the left and right shoulders
(2) is the left and right arms
(3) is the head
ACRE
Ares Commercial Battling Upwards. ACREBullish outlook for gains at 15.21, then 15.63 and 16.19. Invalidation at 14.00.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!