This is a strong look for 1INCH, breaking and closing through resistance around $4 on the daily chart, having completed an inverse (bullish) Head & Shoulders bottoming pattern. Could now see a move up to the $7 area over time.
thats not a valid inverse head and shoulders buddy
nickatherton
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@packbuyhighselllow, Interesting, how so? What do the rules say in your opinion?
packbuyhighselllow
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@nickatherton, the left shoulder clearly shows the bottom of a double top, and in no way shape of form does the leftshoulder look like the right shoulder, furthermore, the left side of the head does not show a test of the neckline/resistance you have marked, please don’t share false hope :)
nickatherton
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@packbuyhighselllow, Personally i think you are being a little too rigid in your interpretation of chart patterns - they are thematic not precise (though obviously great when they are). Anyway, each to their own and no 'false hope' for me as i closed out the trade for a tidy profit at $7 as planned - admittedly a little quicker than even i was expecting!
Claudia_J
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@packbuyhighselllow, thanks for the correction, crazy that this can be even published