Hello
I see a Head and shoulders bottom....
This formation is simply the inverse of a Head and Shoulders Top and often indicates a change in the trend and market sentiment. The formation is upside down and the volume pattern is different from a Head and Shoulder Top. Prices move up from first low with increase volume up to a level to complete the left shoulder formation and then fall down to a new low. A recovery move follows that is marked by somewhat more volume than seen before to complete the head formation. A corrective reaction on low volume occurs to start formation of the right shoulder and then a sharp move up due to heavier volume again breaks though the neckline.
TARGETS: GREEN LINES
SUPPORTS: RED LINES
I see a Head and shoulders bottom....
This formation is simply the inverse of a Head and Shoulders Top and often indicates a change in the trend and market sentiment. The formation is upside down and the volume pattern is different from a Head and Shoulder Top. Prices move up from first low with increase volume up to a level to complete the left shoulder formation and then fall down to a new low. A recovery move follows that is marked by somewhat more volume than seen before to complete the head formation. A corrective reaction on low volume occurs to start formation of the right shoulder and then a sharp move up due to heavier volume again breaks though the neckline.
TARGETS: GREEN LINES
SUPPORTS: RED LINES