I'm back in after this inverse H&S has emerged over the last month or so. I got out in November as I was seeing a downward trend I thought might go as low as $5500, but it appears to have touched bottom and was in my buy zone, also is showing an inverse H&S completion with a target between $8100-8600.
Looking at the pitchfork channel downtrend from mid last year, we're likely to have resistance in the 8100-8600 range, but even sideways movement will break out of the channel and likely send us parabolic again.
I'm taking chances, but only those I can afford to lose.
Looking at the pitchfork channel downtrend from mid last year, we're likely to have resistance in the 8100-8600 range, but even sideways movement will break out of the channel and likely send us parabolic again.
I'm taking chances, but only those I can afford to lose.