I see SPY, QQQ, & SMH forming inverse H&S pattern on the 4 hour chart. The Inverse Head and Shoulders pattern has a higher success rate than the regular Head and Shoulders pattern, with a success/failure ratio of 68.2% compared to 59% for the Head and Shoulders. In 98% of cases, the pattern exits upwards. Additionally, in 74% of cases, the price reaches the pattern's objective once the neckline is broken.
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