There are two major confirmations to look for when a market is starting form an pattern. 1) There should be a large expansion from bottom of the head towards the neckline (in this case it was correct) 2) should start expanding from bottom of the right shoulder towards the neckline (yet unclear).
These are just two major things that are giving validity and reliability for this pattern.
Trade careful out there!
If you come up with any questions feel free to ask!
Things to Remember:
- Stop-loss orders are strongly recommended.
- Fomos likely lead to a loss.
- Do your homework before investing or trading.
Please be aware this is not financial advice. You are responsible for your trading and investing decisions. It is highly recommended to do your own research before investing in anything.