REZ (update) - 5 months HEAD & SHOULDERS TOP FAILURE
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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 ✌
I’m updating the idea by posting a new one because I need a new chart and don’t know how to add a screenshot to the previous main idea. If someone knows if it is possible and how, please let me know.
The Head & Shoulders Top morphed in a possible Head & Shoulders Top Failure. Prices never closed below the neckline enough to have a valid breakout and then bounced on the 200 days EMA and reverse to the upside. If prices strongly violate the right shoulder high, we will have the breakout of the Head & Shoulder Top Failure.
🔎🔎🔎 ALWAYS REMEBER
"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 ✌
I’m updating the idea by posting a new one because I need a new chart and don’t know how to add a screenshot to the previous main idea. If someone knows if it is possible and how, please let me know.
The Head & Shoulders Top morphed in a possible Head & Shoulders Top Failure. Prices never closed below the neckline enough to have a valid breakout and then bounced on the 200 days EMA and reverse to the upside. If prices strongly violate the right shoulder high, we will have the breakout of the Head & Shoulder Top Failure.
- Pattern Class: 🌕🌕🌕🌕🌑
- Target area: 104.00
- Breakout area above: 96.00
🔎🔎🔎 ALWAYS REMEBER
"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.
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