Hot Copper Charting and Chat, page-230

I reckon 'Waaay' too many people have been watching for that inverse HnS, both here and overseas.
and seeing as the majority are usually wrong in this game, I reckon it almost has to fail ........somehow.
maybe fail to complete - and breakout above the neckline to make it valid, or perhaps fail completely and instead breakdown,
....or something........

Yep

To be fair, I reckon Oscar would say that one was "in the wrong place", so to speak.
I think Oscar generally only points them out, when there is strength (potential buying) right behind them in the background, or when the market is trading under a positive influence, in an existing uptrend.

cheers