Classic Head & Shoulder Pattern
Wait for the neckline to be broken, a candle must close with the neck line broken - that's the signal candle.
Share your thoughts!
Wait for the neckline to be broken, a candle must close with the neck line broken - that's the signal candle.
Share your thoughts!
Note
The neck line has been holding strong as price moved higher up. Nothing to do for now - maybe a second shoulder forms - maybe the pattern becomes invalidated. I will wait and see what transpires and update later on...
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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.