$SUI Inverse H&S FormingA large inverse Head & Shoulders pattern appears to be forming on $SUI. The $3.1758 zone looks like a solid area to long — potentially marking the bottom of the second shoulder. If a deeper correction occurs, I'm also watching the $2.7473 level for another possible long entry.
My plan is to pre-position by longing near the second shoulder. Once $3.5902 breaks and we get a successful retest, the pattern would be confirmed. From there, a 50% move up toward the neckline target of $5.6252 could follow.
This is not financial advice. Trade at your own risk.
