Head and shoulders pattern or Elliott's wave last rush?
Updated
As we can see on the chart, it seems that the price could set up a head and shoulders formation but it has few time to change its uptrend. However this uptrend sees a Macd little divergence so it should be monitored.
If this pattern formation failes we will see a natural pursuance of the trend but take a look of the other pattern, Elliott's waves. After a long ascent, is the overperforming stock in its last swing to the top?
If this pattern formation failes we will see a natural pursuance of the trend but take a look of the other pattern, Elliott's waves. After a long ascent, is the overperforming stock in its last swing to the top?
Comment
Head and shoulder pattern complete let’s go down for a while...
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