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Head and Shoulders is a reversal pattern. However there are some details you should pay attention to before you take the position.
- The price is rejected from the neckline on current, which is not a good sign. Though this pattern still stay relevant because the price is above Horizontal support.
The position should be taken only when price close above the Neckline what will confirm the pattern to work.
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Peace Out!
Not a Financial Advice
Head and Shoulders is a reversal pattern. However there are some details you should pay attention to before you take the position.
- The price is rejected from the neckline on current, which is not a good sign. Though this pattern still stay relevant because the price is above Horizontal support.
The position should be taken only when price close above the Neckline what will confirm the pattern to work.
Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to work on future content.
Peace Out!
Not a Financial Advice
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.
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.