H&S are generally a bearish, reversal pattern after an uptrend. If this had formed at the peak of the most recent rise, then I could see its relevance. I am much more interested in the potential double bottom - W pattern, which is a reliable reversal pattern after a down trend. But I'm interested to hear your thoughts as to how this potential h&s pattern has any relevance? Imo it would need to be an inverse h&s pattern to be relevant.
Cheers!
H&S are generally a bearish, reversal pattern after an uptrend....
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