New thread dedicated to stocks that have formed up a H&S, or reverse H&S.
These can pan out quite well for a trade going short of long.
Just probabilities of course.
We can ID them in here and follow them through to see if the targets were met, or thereabouts.
My first nom is BHP.
Looks to be breaking through the neckline where there should have been good support, and also looks like it may break the next important support at $40. The target coincides with long term support around $34.
Will be interesting to see if the principle is valided more than not.