This is update on H&S pattern identified. This is for learning purpose and not a financial advise.
Neck line being tested as of 31st Oct 24 on hourly chart. For study purpose only...No financial advise
Head and Shoulder and resistance at key levels as well as test after H&S visible.
One problem with Ichimoku is so many lines making mess out of screen. Beginner normally get shocked , goes ballistic and never turn to this fantastic indicator. To aid learning , a built-in logic indicating only bullish signal is developed. Just look for start of thick white line (which is actually closing line) - when it is white then bullish, when not either...