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Re: HDtexas2003 post# 27062

Monday, 02/24/2020 11:09:54 AM

Monday, February 24, 2020 11:09:54 AM

Post# of 44204
Do you see the dip on the chart to 52 cent on Feb. 12? look to the left of that dip, that is the left shoulder, now look to the right of the dip, that is the right shoulder former of an Inverse head and shoulder pattern.

KEY TAKEAWAYS
An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends
An inverse head and shoulders pattern, upon completion, signals a bull market
Investors typically enter into a long position when the price rises above the resistance of the neckline.

This isn't RELI in the image, but does look like the one forming on the RELI chart:




Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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