I saw this pattern today, looks like head and shoulder to me, correct me if I am wrong, currently a novice who has just completed technical analysis of cfa level1 . Also I see a down flag type of pattern or descending triangle (i know that market has not been in a downtrend and this pattern is relevant in continuation of a trend)but this pattern looks as been drawn by me in notebook .
Wanted to know is if my analysis is correct or completely wrong. Give Your opinion on it.
No it is not H and S since all the three peaks are almost in same line. 18000 is a strong resistance and it is more or less consolidating now.