SCHWAB - H&S Hypothesis in PlayCharles Schwab CorpBATS:SCHWVIAQUANTPlease review my last idea on Schwab for context: In that idea I laid out a potential hypothesis and here is what I said: "One other quick hypothesis. If price continues to drop and finds support somewhere between $89–$91 then it could be establishing a larger Head & Shoulders pattern. Price could then rally back towards the $99 level, create a right shoulder, then establish the bear trend." This is indeed what has played out so far. I posted that idea on February 11, 2026 when price was trading around $96.34. Price then continued the breakdown and created a low on March 12th at $90.51, followed by another low on March 31st at $90.04. This was directly in line with my prediction of support forming between $89–$91. Once price rebounded we saw a high of $100.76 on April 14th, only slightly above my predicted rally toward the $99 level. My final statement has also remained true so far, "create a right shoulder, then establish the bear trend." After creating the high of $100.76, price has declined over 10%, creating a local low on April 16th at $90.57 right within the predicted $89–$91 support range. This $89–$91 zone now represents the (neckline) of this pattern. If price breaks below and closes beneath it, the measured move of this Head & Shoulders breakdown would bring Schwab back toward $70. This is not the cleanest looking Head & Shoulders pattern, but the market structure has built remarkably close to what I predicted back in early February and that is worth documenting!