Inverse Head and Shoulders

2021年6月23日

SEDG is trying to break the neckline. Long entry level is a break of the neckline with an uptrend. This am it does appear a candle body is peeping over the neckline. I just looked at price, and it is at 266.04 at this second so is above the neckline. There is not a discernible uptrend yet which is another stipulation for long entry level.

Possible stop under right shoulder. I also see support at the thin green line I drew.

There is a 3 outside up pattern close to the bottom which basically confirms the green engulfing candle by sending another green candle to the upside. This is a 2 candle pattern.

You can measure from the head to the neckline and draw a vertical trendline connecting them, then using the magnet, project that trendline upward from the neckline to get a guesstimate of where this may go. Any pattern can fail.

Previous head and shoulders top pattern, but appears SEDG is recovering. You can measure from the head to the neckline on a head and shoulders pattern and project it downward to get an idea of how far price may fall in the same, but opposite way that you measure an inverse H&S.

SEDG is known to be volatile

No recommendation

2021年6月24日

註釋

3 outside up is actually a 3 candle pattern if you count the candle that was engulfed. Number 2 is the actual engulfing candle and number 3 is the 3rd candle which is to the upside