inverse head and double shoulder pattern speculation
google the complex head shoulder pattern
the inverse head and shoulder failed to break out the diagonal resistance and dropping right now
but there is a case for that, it happens when there is 2 shoulder on the left side of HS pattern
so the HS pattern is not invalidated yet, it just turns into a complex or variation one
the first step IMO watch out bull reversal at 175x or 172x and be prepared when gold is above 1843
but don't gamble because there is a bearish signal if 172x support broken
note: I only find this double shoulder pattern on Bulkowski pattern book called complex head and shoulder pattern
this is a good pattern with the target to double top 2070 as target
thepatternsite.com/chsb.html
the inverse head and shoulder failed to break out the diagonal resistance and dropping right now
but there is a case for that, it happens when there is 2 shoulder on the left side of HS pattern
so the HS pattern is not invalidated yet, it just turns into a complex or variation one
the first step IMO watch out bull reversal at 175x or 172x and be prepared when gold is above 1843
but don't gamble because there is a bearish signal if 172x support broken
note: I only find this double shoulder pattern on Bulkowski pattern book called complex head and shoulder pattern
this is a good pattern with the target to double top 2070 as target
thepatternsite.com/chsb.html
