Inverse Head and Shoulders in Stocks!!

8 มี.ค. 2021

The S&P has found support off of the lower bound of our pseudo-megaphone pattern. We appear to be forming an inverse head and shoulders pattern with a neckline at 3848. We are currently forming the second shoulder, and it would be wise to wait until we fully form it before preemptively trading it. Our next target would be 3886, which is the intersection of the upper bound of that pseudo-megaphone pattern and a technical level. If we are wrong, 3792 should provide support