Golds’ Inverse Head and Shoulders Pattern
November 18, 2009 1:49 PM

Here is Inverse Head and Shoulders’ pattern formation in Gold weekly chart. Late October, Gold broke out of the Neckline (1067) after forming an Inv. H&S Pattern. The distance between the head and the lowest trough in Inv. H&S pattern is about $250. Adding this depth to the breakout level (1067) yields $1316.

GOLD_InvHS_Nov1809

Comments

2 Responses to “Golds’ Inverse Head and Shoulders Pattern”

  1. tradechartpatterns on November 29th, 2009 7:12 pm

    Did this workout?

  2. tradechartpatterns on November 30th, 2009 1:12 am

    Did this workout?