VMY attempting a break on an Inverse H&S on the daily chart that follows on from a standard H&S that had a failed break to the downside on 25/01. Both patterns combine on a weekly chart to one large H&S top. A clear break of current levels provides a H&S Failure pattern entry signal with a target of circa 0.39 (0.355 based on the daily pattern). I am long today (a bit aggressively) at 0.265 with a stop at 0.22, though if it fails to hold above the boundary by the end of the week I will likely cut it short. Not looking like the greatest close so far. GLTA
VMY Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
