OTSUKA HOLDINGS CO LTD (4578) - 5 months HEAD & SHOULDERS
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Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
I wanted to alert you about this Head & Shoulder because it is didactically perfect. This doesn't have any meaning in terms of profitability but you can keep this image as a proxy of a really good Head & Shoulders pattern.
The market turbulence is still very strong and undefined and that is not a great scenario for any Swing strategy so be very strict with your risk management and tight with your stop losses.
I will keep alerting you with all the pattern I spot since the main purpose for me is education but, personally, I have greatly reduced my trading activity to a very few trades with large stop losses and wider horizons (position trades).
Sooner or later, many good opportunities will arise for Buy & Hold portfolios.
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
════════════════════════════════
Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
═════════════════════════════════
Hello Traders ✌
I wanted to alert you about this Head & Shoulder because it is didactically perfect. This doesn't have any meaning in terms of profitability but you can keep this image as a proxy of a really good Head & Shoulders pattern.
The market turbulence is still very strong and undefined and that is not a great scenario for any Swing strategy so be very strict with your risk management and tight with your stop losses.
I will keep alerting you with all the pattern I spot since the main purpose for me is education but, personally, I have greatly reduced my trading activity to a very few trades with large stop losses and wider horizons (position trades).
Sooner or later, many good opportunities will arise for Buy & Hold portfolios.
- Pattern Class: 🌕🌕🌕🌕🌕
- Target area: 4770
- Breakout area above: 4400
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
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