it's all about probabilities. Statistically speaking both h&s and reverse h&s have 83% likelihood of following through, so yeah 17% chance that there will be charts where H&S was invalidated.
But why are we still talking about the head and shoulders now? that's already been validated and hit its target area. we should be looking at whether or not the current corrective wave has completed or not.
either it's starting another short term wave 1, or if we're still in the midst of corrective wave b. I've been mentioning that the US markets are wobbly and they are likely to correct, and this is likely going to put downward pressure on Aussie equities. If the US corrects, the whole world follows. No exceptions.
QPM Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
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