andmk2

Time for Centamin to reverse?

LSE:CEY   CENTAMIN PLC ORD NPV (DI)
Inverse H&S pattern formed on CEY which started in May 2018.
Reasonable results today and gold in a strong position. Will it go further?
Comment: Breakout, then failed (for now)
Comment: Should I have said "faked" rather than failed. Now 188.

Cup and handle pattern forms the bigger picture and took a decade to form.
Comment: Yes it came to pass, with a 217 high but lately it has fallen below 136 support. #bearish

Comments

what normally happens when theres a Inverse H&S pattern? does price go up or down?
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when a pair forms a Inverse H&S, then what typically happens after that?

will it go down for a sell or will it be a buy?
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andmk2 uk_nasa
@uk_nasa, I'd advise you to read up on it. Try investopedia, although that's one of many sources. Good luck.
Reply
uk_nasa andmk2
@andmk2, thanks pal
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