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Inverted Head and Shoulder Back-test Confirmation
Here we have a large Inverted Head and Shoulder pattern with a back-test on the yellow dashed trend line. This back-test confirmation has also created a smaller inverted head and shoulder pattern (Labelled by the blue areas) within the larger inverted right shoulder (labelled by the yellow area).
Along with this we also have possible diversions on the RSI, Stochastic and the MACD is a confirmed Diversion so far.
The two white lines show a Tasuki up-side gap and that has been filled today and I expect the bullish conditions to return, whilst the price is also bouncing off of the 9 EMA. $LSE:PLP
Along with this we also have possible diversions on the RSI, Stochastic and the MACD is a confirmed Diversion so far.
The two white lines show a Tasuki up-side gap and that has been filled today and I expect the bullish conditions to return, whilst the price is also bouncing off of the 9 EMA. $LSE:PLP
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