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Inverse Head and Shoulders forming on Meta

148

Inverse head and shoulders may be forming on FB. I'll look for a price move through the neckline with a Stop Buy to pick up a long position.

For the more conservative you can wait for a close above the neckline before placing your buy. Next level up in being more confident is a confirmation candle thereafter.

I'll place my stop loss just below the neckline - 1 or 2 ATR - to keep my risk under control.
JBlack99
FBHead and ShouldersTechnical IndicatorsLONGTrend Analysis

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FBHead and ShouldersTechnical IndicatorsLONGTrend Analysis
JBlack99

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.