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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.