Yes, by some accounts, people will say this is a major inverse head and shoulders pattern. I disagree, what I believe this equates to is the ultra bullish female liberation breakout pattern that resembles, of course, the female anatomy.
When I saw the chart, I couldn’t help but notice the obvious, and it helps to explain why the market has become so ultra bullish the past few days.
So do yourself a favor and don’t go shorting patterns like this.
Welcome to Swing Trading the Stock Market Podcast!
I want you to become a better trader, and you know what? You absolutely can!
Commit these three rules to memory and to your trading:
#1: Manage the RISK ALWAYS!
#2: Keep the Losses Small
#3: Do #1 & #2 and the profits will take care of themselves.
That’s right, successful swing-trading is about managing the risk, and with Swing Trading the Stock Market podcast, I encourage you to email me (ryan@shareplanner.com) your questions, and there’s a good chance I’ll make a future podcast out of your stock market related question.
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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
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