weekly chart inverted head & shoulder pattern, page-6

Hi Frmen1,

Sorry i didnt see your post last week as it was titled Marty26 so i didnt realise it was for me.

For me the H&S pattern you suggest is forming did not complete as the price would have had to reach 6.5c to finish the right shoulder. This hasnt happened. Instead it has traded sideways, therefore I dont think the H&S pattern on the daily chart will play out.

The inverted H&S shoulder pattern im talking about is on the weekly chart and this pattern has developed a left shoulder, head and right shoulder and is almost complete.

I guess time will tell.