FUTURE BULLISH - EUR/USD -Head and shoulders pattern explanation
Hello TRADERS :
/Short time is a bearish
/Long time is a bullish
-[let's wait for consultation]
___ Theoretical information:
-A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
-By probability the size on the head will be equal to the size of the green line, the same as the red line.
-Is expected the price to reach the red horizontal line before it eventualy move up.
-In the future we may have a bullish formation, let´s wait for that
Follow me on Instagram :
-@pgforextrading
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.