Head and ShouldersIn this market, this may or may not break the blue neckline. The neckline is strong support as long as price is over it..This pattern is a H&S top, opposite of an inverse head and shoulder that is bullish. Both have a neckline but on the inverse H&S, the neckline is resistance..
If it does be safe..
Strong stock and so far the support there is holding. The pattern is not valid unless neckline is broken. (blue line)
The handle low from a previous cup and handle pattern appears to be holding as support..
Not a recommendation
Emotions are not tangible, I can not touch an emotion. Yet emotions build patterns and influence supply and demand in a big way.
Right now, the market would have me believe the uptrend will never end. I look around me and turn on the news when I can stomach it, and it looks like the economy is breaking apart and sinking like the Titanic.
The market is never wrong though, so it has to be me..just be safe out there
