hello everyone,
I'm new to TA, so please correct me if something I'm looking at doesn't necessarily work! I wanted to take a look at what looks to be an inverse head and shoulders forming inside of this ascending channel. As long as we can hold above the right shoulder 3300 level I would expect a move to the upside. the measured move would put my first target at 3664.Also I think if we were to break to the upside we could use a measured move to get an idea for potential 2nd PT if the top channel support were to hold. Thank you for time and please comment with any thoughts or critics!
I'm new to TA, so please correct me if something I'm looking at doesn't necessarily work! I wanted to take a look at what looks to be an inverse head and shoulders forming inside of this ascending channel. As long as we can hold above the right shoulder 3300 level I would expect a move to the upside. the measured move would put my first target at 3664.Also I think if we were to break to the upside we could use a measured move to get an idea for potential 2nd PT if the top channel support were to hold. Thank you for time and please comment with any thoughts or critics!