Traders,
In addition to an ugly H&S pattern on this chart, you will also see that we still haven’t come back down to kiss the top of our breakout trendline. But if we do that (which we often do), then at the same time we will end up breaking the neckline of our H&S pattern. Not cool. I don’t like the way this is shaping up at all! Better safe than sorry. And that is why I am out of…
Keep reading with a 7-day free trial
Subscribe to Stewdamus' Chart Analysis to keep reading this post and get 7 days of free access to the full post archives.