I must admit, its been a while since I have stumbled upon a chart so simple yet so valuable.
Simple falling channel, with one of the bottoming out patterns, (book-ish) Inverted Head & Shoulder.
Volume Indicates, I am late to spot this...but not too late as the pattern is just on verge of completion.
Should be a slightly MID-LONG term 'investment' kind of Long trade....but the current risks to prospective rewards look just too good.
May the odds be in our favor!!
Simple falling channel, with one of the bottoming out patterns, (book-ish) Inverted Head & Shoulder.
Volume Indicates, I am late to spot this...but not too late as the pattern is just on verge of completion.
Should be a slightly MID-LONG term 'investment' kind of Long trade....but the current risks to prospective rewards look just too good.
May the odds be in our favor!!
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