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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 ✌
Nothing much to say here, a Head & Shoulders Continuation taking place at the all-time high and along the 200 Days EMA.
Just want you to notice that, didactically, the proper neckline to draw here is the blue sloped one starting from point "A" despite the level to breakout from is clearly at 105.00 (dashed line).
🔎🔎🔎 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 ✌
Nothing much to say here, a Head & Shoulders Continuation taking place at the all-time high and along the 200 Days EMA.
Just want you to notice that, didactically, the proper neckline to draw here is the blue sloped one starting from point "A" despite the level to breakout from is clearly at 105.00 (dashed line).
- Pattern Class: 🌕🌕🌕🌕🌑
- Target area: 150.00
- Breakout area above: 110.00
🔎🔎🔎 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.
═════════════════════════════