assuming H&S nga, right shoulder should reach at least 5.0 to confirm the pattern....pero tingin nyo ba possible H&S talaga based on above chart...ang layo kasi ng left shoulder eh
Looks like an inverse H&S. Volume on the head is lower than the left shoulder volume, increasing volume on the rally after the head's formation. Currently on its way to complete the right shoulder. Looks good! Breakout at around 3.80-3.90. Target price at around 5.0
agree!...looks like an inverse H&S since the trend has come from the top. RSI is doing higher lows, Volume is increasing at the start of the trend.....its a bullish indication.
can an inverted h&s be this lopsided, i mean the right shoulder would be below the head?
i think the volume should be highest on the left shoulder or the head and diminish on the right shoulder. my opinion only.
