Beautiful symmetric reversal Head & Shoulders pattern is in the making.
We have three peaks with the highest in between called Head.
Left and right peaks are "shoulders".
The line between valleys of the Head is called Neckline.
This pattern reverses the price course at the climax.
Trading technique:
Sell entry is triggered on the breakdown of the Neckline
Stop loss is at the invalidation point - breakup of the Right Shoulder (red dashed line)
Take profit is set at the height of the Head subtracted below Neckline (blue dashed line)
We have three peaks with the highest in between called Head.
Left and right peaks are "shoulders".
The line between valleys of the Head is called Neckline.
This pattern reverses the price course at the climax.
Trading technique:
Sell entry is triggered on the breakdown of the Neckline
Stop loss is at the invalidation point - breakup of the Right Shoulder (red dashed line)
Take profit is set at the height of the Head subtracted below Neckline (blue dashed line)
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.