this idea is based on trigger price action method
the price has been react to a nested level (from monthly to 1 hour) and then a head and shoulder has been happened on the bottom. it goes and break the neckline, target is the same as the distance between head to neckline. on the other hand, because of a stop hunting at the head, we can use the 4th phase of TH from the bullish leg.
the price has been react to a nested level (from monthly to 1 hour) and then a head and shoulder has been happened on the bottom. it goes and break the neckline, target is the same as the distance between head to neckline. on the other hand, because of a stop hunting at the head, we can use the 4th phase of TH from the bullish leg.