RULES FOR TRADING HEAD & SHOULDERS FORMATION. 1. Wait for the break of neckline. this is the first confirmation you need, before thinking of going short. 2. Enter a short position on retest of the neckline.
Hence, for this trade to be valid, we need to patiently wait for this rules to be met, i will update when its active.
Trade active
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Neckline got broken today, we wait for retest and enter sell.