Riding the Inverted Head and Shoulder Pattern here. Weekly chart so time frame is minimum 3months to a year. MACD is about to crossover. Took support at 20 EMA.
May be we can call ur head as Rounding Bottom and 7th june to 26 July is Retest
CuriousChartist
⋅
@SagirKazi There is no such thing as valid/invalid. It's an interpretation of patterns that have repeated in history. What is important though is whether the target is achieved based on whatever has been spotted and interpreted. For me it still remains an Inverted Head and Shoulder which is my forte.
SagirKazi
⋅
@CautiousChartist, Cool
will track the Chart, Even i am interested since it looks like Rounding bottom to me
Our Interpretation may be different but View is same
CuriousChartist
⋅
@SagirKazi, Absolutely. This has merely 1% chance of not doing well. A fantastic pattern base + breakout+retest at 20EMA. Can't ask for more.
May be we can call ur head as Rounding Bottom and 7th june to 26 July is Retest