Classic head and shoulders. Does anybody know the actual statistic on whether this generates a good trade or not?
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Head&Shoulders????
Classic head and shoulders. Does anybody know the actual statistic on whether this generates a good trade or not?
Tastytrade did a study...showed the numbers are right around 50/50. It was one of the old Skinny on Options with Jacob. And as they also pointed out...the problem with doing that type of study is that the lines you draw are very subjective. Like people drawing outlines around cloud shapes and people seeing different things inside the same patterns.
And the stock is starting to fall and we in the money (59.06)
