InvestorsHub Logo

Texacoon

05/12/11 2:01 PM

#14619 RE: narvo0 #14618

Inverted head and shoulders pattern is very bullish very bullish, TEX

swing_trader

05/12/11 2:05 PM

#14620 RE: narvo0 #14618

Well. One of my favorite patterns is the inverted head and shoulders on the daily chart but you will see it form in any time frame. Its a great pattern in the intraday chart for the day traders. If it holds and breaks on above the right shoulder it will be a nice green finish for today. Could be at the .013 or a little above that. Just another one of those lil waiting games. But i will bet money thats it holds. The right shoulder is above the 200EMA and the 30 & 50 EMA is real close behind it. In laymens terms. Its looking DAMN good my friend