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Shoulders

BTC Head and Shoulders Pattern Opportunity to short! BTCUSD graph formed a head and shoulders pattern which created opportunity to short. I indicated the shoulders and head. The minimum target is the vertical distance from the head to the neckline starting from breaking of the neckline. Volumes are acting accordingly. For BTCUSD, this is a good opportunity to short. If you enjoy my graph, please make sure you like and follow. Your feedback will always be appreciated. Have a great day!
COINBASE:BTCUSDShort
by gorkemaydogan
Head and Shoulders - "Learn More Earn More" with us Head and Shoulders Definition: A head and shoulders pattern is also a trend reversal formation. It is formed by a peak (left shoulder), followed by a higher peak (head), and then another lower pea k (right shoulder). A “Neckline” is drawn by connecting the lowest points of the two troughs. Neckline support does not need to be strictly horizontal. . This illustrates that the upward trend is coming to an end. . When a Head and Shoulders formation is seen in an uptrend , it signifies a major reversal . . The pattern is confirmed once the price breaches the neckline support In this example, we can easily see the head and shoulders pattern. How to Trade the Head and Shoulders Pattern: ENTRY: we put an entry order below the neckline. TARGET: We can also calculate a target by measuring the high point of the head to the neckline. This distance is approximately how far the price will move after it breaks the neckline.
Education
by ForecastCity
12
Head and shoulders forming Possible head and shoulders forming in WB. I was expecting WB to rise with the large tech stocks but with the weak performance of most tech stocks other than AAPL recently I am afraid they will resume their downward pattern. They had a strong upward pattern since May but a Head and Shoulders is a bearish reversal pattern. I'm not sure where to put the neckline could someone help me with that? My understanding is that it starts at the dip before the first shoulder than ends at the dip after the second shoulder (which hasn't formed yet so maybe we can't draw that in yet) Appreciate any comments! Thanks
NASDAQ:WB
by Jeff-Bezos-4th-wife