Head & Shoulders pattern on QQQ rsi?

29 พ.ย. 2021

This is the monthly chart for QQQ, using log scale.

H&S pattern in the RSI seems to precede market volatility. It happened in 2016 and 2018.

It seems like another head & shoulders pattern could be forming this year.

We're already showing signs of a bearish divergence between monthly price and monthly RSI, so it's possible the RSI makes a lower high to form the right shoulder of a H&S.

Going by history, we should expect a downturn shortly after the H&S pattern is formed. This is not a prediction, I'm just saying what might happen if history repeats.

17 เม.ย. 2022

บันทึก

I called this one pretty well