Mara head and shoulders
Would appreciate some input. Dotted orange line is my neckline, but I don’t know what it is really. Next phase is riding the train down, and looking for a heavy red volume confirmation for the downtrend. This head is smaller than the shoulders and the neckline is tilted downwards, so it is truely a rare sight. The shapes line up, the prerequisites line up too and the decrease of volume of A to C and then E definitely confirm the warning of the pattern. I think the idea of a credit spread is a safe one, as mara’s movement is volatile and carries a healthy amount of risk
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