Disliked{quote} Hey Waleed doesnt the PA for a normal head and shoulders have to be in an uptrend for the pattern to be true .Just a queerie?Ignored
If you see that in the recent price action we have been in an "uptrend/consolidation" (up from 1283 level) area where this pattern is on the verge of forming.
there are many ways to look at this though; some traders look at this as a "rectangle/block" trade also.
Cheers!