ULTA Screaming Accumulation

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A classic inverse H&S setup on ULTA here. Buffet buying and taking a stake a few weeks/month back makes me even more convinced. This will just take time. The large wicks are indicating that buyers are stepping in and absorbing selling demand from a weekly perspective. The buyers come and save the week. They're going to form this perfect right shoulder and it should launch - might take 6 months or so... ULTA

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Painful... broke the IH&S, if there even was one. Looks like it is going to be looking lower for some support