Inverse H&S appears to be near completion and the second shoulder is a small one, telling me that the downward pressure is weak. This may also be solid confirmation of the trend reversal during this previous consolidation period. My target is 84 hours as my experience shows that our rallies begin Thursday evenings (9pm MST) and run until early Sunday AM usually.
Comment:
Inverse H&S confirmed after the throwback. Target appears to be on track. We'll see if it pans out. Should see some serious movement the next 12 hours.
Comment:
Comment:
Notice the throwback before the rally. This is what lead to the delay in achieving our target.