This is my first post and I'm glad to be here. I've read a fair few posts on the forum, but I figure there is no substitute for getting an opinion on your analysis (or wild guess, heh).
I'm paper trading at the moment, so thankfully I'm not going to lose anything if I bungle!
The below chart is, in my opinion, showing the following:
1) An initial downward trend
2) An inverse head-and-shoulders, indicating possible trend reversal
3) A logical buy point being suggested by the stochastic
4) A sell point being dictated by a huge spike in price, which will probably cause a downward bounce against the previous upward trend
Any thoughts on my reading of this would be greatly appreciated! Also, I'm not sure what should constitute 'meaningful' when referring to volume (as suggested by the last volume notation). Any suggestions or advice will be humbly accepted.
Without further ado: