FLAIR WRITING INDUSTRIES is forming a very large inverted head and shoulders pattern on weekly time frame. Price is taking resistance of the neckline, and IPO day avwap. On the daily chart, there is a very large saucer kind of formation.
Just wondering how would you plan a trade on this setup?
**Option A:** Anticipate the breakout? Buy early inside the saucer.
**Option B:** Chase breakout? FOMO enter on Day 2 at the exact absolute peak of the pump
**Option C:** Wait for the retest? Wait patiently for a few days, only for the stock to gap up 40% without me and never look back.
**Option D:** None of the above. All of these are stupid ways. I will explain the smart money method in comments.
