Inverse head and shoulders could be playing out. We have a three touch uptrend on the line on the bottom. We have a three to four touch downtrend on the top line. Could the inverse head and shoulders lead to a breakout to the upside? Mortgage rates came in hot and the streak continues on higher rates. I’m a little late on the markup but I want to see if there could be a potential breakout to the upside if the head and shoulder pattern is valid.
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