It seems PME chart threads have been buried so thought I would restart one for
those interested.
The weekly chart (left) shows a 1yr+ H&S Continuation Pattern that has now
broken the neckline to the upside (break-away gap visible on the daily
chart on strong volume).
The right shoulder is composed of a smaller 4m H&S Continuation that
broke to the upside slightly before the weekly pattern.
I did not catch the break-outs and was hoping for a retest of the
larger neckline, but it stopped just short of my entry point and seems to have
continued without me.
I am not willing to chase, but I will keep it on the watch for an entry opportunity.
Measured targets for the 2 patterns are circa 33.17 & 45.00
Well done to anyone who caught those.
GLTA
(20min delay)