analysis is in the charts, but quick rundown.
1.We attempted inverse H&S from may to June (got rejected)
2. We fell to our most recent low and formed an inverse H&S along the support of the descending wedge, which broke out to push us to the resistance of the wedge.
3. We're probably going to top out around 144.50-145.10, descend and make the right shoulder before we breakout.
4. Alternatively, we don't go all the way to 144.50-145.10, reject where we are currently (blue arrow) and begin to fall back down to support and finish out the wedge pattern.
1.We attempted inverse H&S from may to June (got rejected)
2. We fell to our most recent low and formed an inverse H&S along the support of the descending wedge, which broke out to push us to the resistance of the wedge.
3. We're probably going to top out around 144.50-145.10, descend and make the right shoulder before we breakout.
4. Alternatively, we don't go all the way to 144.50-145.10, reject where we are currently (blue arrow) and begin to fall back down to support and finish out the wedge pattern.
