Whos betting on the inverse H&S?

Discussion in 'Technical Analysis' started by RangeTrader, Jun 12, 2012.

  1. I'm expecting a breakout at some point in the next couple weeks. Would be nice to see a nice long bear squeeze before the summer crash next month.

    Not getting on board until I see the buyers starting to flood in. Odds are it won't be until next week because were a bit overbought at the moment.
  2. Here is the mid 2007 inverse H&S before the last push into the highs...

    Exact same setup. Same price relation to key moving averages, same momentum waveform... Perfectly exact...
  3. Better cross comparison of the two.

    Once we breakout... 85%+ Odds we go back to the highs!!! Woot!!! :D