LHG unknown

LHG

  1. 1,968 Posts.
    Weekly chart on LHG looked to be forming a perfect inverse head and shoulders but on the formation of the right shoulder the pattern seems to have failed. Having said that if the current up movement continues it will have formed the head and shoulders pattern but with a lot higher right shoulder. From what I have seen published by so called experts the pattern is very rarely a perfect pattern.

    Can any of you T/A people out their have a look at the chart and tell me what you think. If the pattern is still in place it gives an upside to around $2. But!! have just noticed the XAU was down over 6% in US so would suspect the current upward spike to reverse.

    Phillw
 
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