Classically, a Right Shoulder in a H&S Top shoulder be lower in price and narrower in width than the Left Shoulder. Since the neckline in this H&S Top is rising, a slightly higher Right Shoulder could be expected and "allowable," but this Right Shoulder is much higher than the Left Shoulder.
Nonetheless, on Friday, the H&S Top target of 35.90 got MADE.
2 comments:
We missed you Fri. Couldn't you call another H&S with the head being the whole pattern in red? That looks more classic to me.
Good Morning, Mark,
The shoulders are a rather short on that one, but yes, as long as AGU trades below the 41.96 high of the Right Shoulder, that's worth watching.
Neckline:
April 23 low of 37.87
June 22 low of 38.86
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