SUMMARY
Note: I'm traveling and so videos will be available as soon as I return. Thanks for your patience.
On today's Mid-Day update, the below chart was presented where the whole correction since Feb 20th is labeled as an abc three wave correction wihin a larger blue wave 2.
Augmenting the above chart is how the Inverted H&S can fit into it. I had posted how symmetry is pretty important in basically any pattern. The below Left Shoulder outline has a deep and a shallow valley. Also, thus far, volume also confirms in that the LS volume as it is less than that of the Head.
So, with regards to symmetry, the right should (RS) is likely to be still in progress. The outline of RS also shows a shallow and a deep valley. Thus far, volume for RS is well below that of the H; hence, volume confirmation is positive.
Putting it all together, the LS, H, RS are confirmed by volume. This pattern fits well into he abc of blue wave 2 scenario and has not been invalidated. Let's see how overnight price acts on this pattern.
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