Hi,
Can someone tell me if this is an inverse head and shoulders? I am a beginner in technical analysis
you can consider it. but i dont like the fact that the head is not too deep. the gap between left shoulder and head is not that much.
Thanks for the response.
What is the impact of the right shoulder being shallow? Can you explain? Wouldnt it mean that the positive headwinds are stronger…
Also, given that the breakout was supported by decent spike in volume, is thatanother positive indicator?