One of the confirmatory requirements of an inverted (bullish) H&S is that they occur in a downtrend. We have been in an uptrend. Also, volume must confirm with LS and RS volumes being less than Head.
Inverted H&S is upside down to the one I posted. It's a bullish indication. However, it is best to have it occur on a down trend and that is not the case. Also, I can't tell the time scale of his chart...if it is sub daily and it seems so, then it has little impact to my calls.
One of the confirmatory requirements of an inverted (bullish) H&S is that they occur in a downtrend. We have been in an uptrend. Also, volume must confirm with LS and RS volumes being less than Head.
What does that one mean?
Inverted H&S is upside down to the one I posted. It's a bullish indication. However, it is best to have it occur on a down trend and that is not the case. Also, I can't tell the time scale of his chart...if it is sub daily and it seems so, then it has little impact to my calls.