Stock Markets: NFLX, b) Inverse Shoulder-Head-Shoulder
Description of a pattern on a 30-minute chart of the Netflix stock, whose take profit should have been 2.30%.
However, the price continued its rise and its highest level where it is lateralized, and coincides with the sale hammer candle, the minimum price is the take profit that actually happened, which was 4.98%.
There are two possible explanations: 1) it is not really a shoulder-head-shoulder pattern.
2) that in this case it is necessary to consider the hammer sail as an influence of the movement of the price, being able to have an
oversell, an important event to be taken into account.
However, the price continued its rise and its highest level where it is lateralized, and coincides with the sale hammer candle, the minimum price is the take profit that actually happened, which was 4.98%.
There are two possible explanations: 1) it is not really a shoulder-head-shoulder pattern.
2) that in this case it is necessary to consider the hammer sail as an influence of the movement of the price, being able to have an
oversell, an important event to be taken into account.