USAR: Head & Shoulders, Bounce Off Support, Possible Kumo BounceUSA Rare Earth, Inc. Class ABATS:USARtroydowvanzandtThis was another Soloway tip. He presented it as a day-trade or short swing-trade opportunity. He predicted a bounce off the support line. I rather expect, come Monday, that's what we'll see. I don't think he mentioned anything about the head and shoulders. But it's there. If the bounce makes it up to the Kumo, you could see a second bounce--a Kumo bounce. Ideally, you'd like to see rejection of the Kumo in the form of an expansion candle, bearish engulfing, or pin. So, price could go up a little, then head down. It could make a Kumo bounce, in which case the head and shoulders could very well be on. If, however, it gets stuck in the cloud, chalk it up as another coulda-been. The fly in the ointment of a possible trade would be the Chikou Span. As you can see, it's currently entangled in the 19 May candle; however, this candle is the lowest point in a very vertical price structure. The Chikou will have enough open space ahead of it to let this move play out without past price memory getting involved. Setups like these are interesting in that they manifest confluence between a Western structural pattern (the head and shoulders) and an equilibrium shift in the form of a Sanyaku Gyakuten (Three-Condition Bearish Reversal).