US100 14400 is a bullish target
The Inverse Head & Shoulders has completed. There will be loads of stops under the right shoulder and the head.
But for now, we have to assume that the pattern is going to play out. In my other research, I detail why fundamentally the Nasdaq should go higher but you would have to dig around and find it on the internet because I am not allowed to tell you where it may be. The reason I put it on a different platform is that I can't upload the charts of my research here! The nut of the thesis is that there is still a lot of money flowing into the markets from the US government.
Targets for a (i)H&S is x2 the distance from the head to the neckline, projected in the direction of the breakout.
Just be on the lookout for a fundamental reason why the algos reverse the price action and attack those stops under the RHS and Head
But for now, we have to assume that the pattern is going to play out. In my other research, I detail why fundamentally the Nasdaq should go higher but you would have to dig around and find it on the internet because I am not allowed to tell you where it may be. The reason I put it on a different platform is that I can't upload the charts of my research here! The nut of the thesis is that there is still a lot of money flowing into the markets from the US government.
Targets for a (i)H&S is x2 the distance from the head to the neckline, projected in the direction of the breakout.
Just be on the lookout for a fundamental reason why the algos reverse the price action and attack those stops under the RHS and Head
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