- HEAD AND SHOULDER BREAKOUT -
price broke out of head and shoulder pattern with a strong confirmation indicating strong downward pressure for the stock.
Definition -
(i) Left Shoulder → price rise, then fall
(ii) Head → higher rise, then fall
(iii)Right Shoulder → lower rise, then fall again - EVENING STAR CANDLESTICK -
1 large green candlestick followed by 1 doji followed by 1 large red candlestick is called evening star which indicates downward pressure for the stock - TARGET -
120 level
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My Social Media links :
📥 Instagram - instagram.com/sagar_trademaster/
📥 Youtube - youtube.com/@TruthfulTrader
📥 Instagram - instagram.com/sagar_trademaster/
📥 Youtube - youtube.com/@TruthfulTrader
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.