Head and Shoulders Pattern
RULES FOR TRADING HEAD & SHOULDERS FORMATION.
1. Wait for the break of neckline. this is the first confirmation you need, before thinking of going short.
2. Enter a short position on retest of the neckline.
Hence, for this trade to be valid, we need to patiently wait for this rules to be met, i will update when its active.
1. Wait for the break of neckline. this is the first confirmation you need, before thinking of going short.
2. Enter a short position on retest of the neckline.
Hence, for this trade to be valid, we need to patiently wait for this rules to be met, i will update when its active.
Trade active
Neckline got broken today, we wait for retest and enter sell.Note
almost hitting target, secure the bagTrade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.