Pattern in Play: Head & Shoulders
See Notes on the chart for details.
Applying the measured move of the head from the top shoulder zone, we expect a future price in the $25-26 range; per the channel, the target timeframe quesstimate appears to be mid '23.
As always; set stops to preserve working capitol, the charts are simply a guide, NFA and DYOR.
Enjoy every sandwich :)
See Notes on the chart for details.
Applying the measured move of the head from the top shoulder zone, we expect a future price in the $25-26 range; per the channel, the target timeframe quesstimate appears to be mid '23.
As always; set stops to preserve working capitol, the charts are simply a guide, NFA and DYOR.
Enjoy every sandwich :)
A few of the channels were not drawn correctly but the H&S pattern is still in play.