What Would You Do with this pattern?
Support is starting to give way and a potential “Head & Shoulders” pattern might have formed.
Any thoughts? If you do, send me an email. If you would like to know what the chart is, let me know and I will send you the answer.
Looks like we’re going back to 280…
Great call for now.
I think it is completed fwiw.
I don’t think the head and shoulders is completed yet, but I would short the position with a buy stop at the price of the head.
I know there are rising shoulder lines, but I think it would take a bit more of a decline to complete the head and shoulders?
This chart is Apple.
Notice how much it looks like an earlier post today, “watch your next step Nasdaq 100!”
Apple represents 20% of the NDX 100. If this pattern suggests lower prices for Apple, just think about the broad market!
AAPL, I’d sell (if I inventory) or short sell here and use line (1) as defense.
Great work, has been reading your analysis at Dshort since Day 1.
would love to know what the asset is.
With an H&S top pattern nearly confirmed I would sell as it looks like the neck-line has been broken
I would like to know what the asset is by the way