Possible Inverse Head and Shoulders Bottom.
Long entry with a break of the neckline with an uptrend. Price tried to break the neckline today but did not hold on. The 2nd shoulder is higher than the first which is preferable to a vice versa situation.
Possible flag forming and it would be called a Bull Flag as the pole goes up verses down like a Bear Flag does.
You can measure distance from the head to the neckline, then project it upward from the neckline to get a ballpark guesstimate of where price may go, if the neckline is broken with an uptrend.
No recommendation.
Long entry with a break of the neckline with an uptrend. Price tried to break the neckline today but did not hold on. The 2nd shoulder is higher than the first which is preferable to a vice versa situation.
Possible flag forming and it would be called a Bull Flag as the pole goes up verses down like a Bear Flag does.
You can measure distance from the head to the neckline, then project it upward from the neckline to get a ballpark guesstimate of where price may go, if the neckline is broken with an uptrend.
No recommendation.
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