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vf_investment
May 2, 2023 5:29 PM

RFV - Head and shoulders Short

Invesco S&P Midcap 400 Pure Value ETFArca

Description

What we can see on the chart is the head and shoulders formation, which is bearish, therefore, we are expecting a breakdown.

Target for this pattern is shown on the chart.

Stop loss should be placed above the right shoulder.

Enter short position only if the price breaks the neckline.

Good luck!
Comments
KlejdiCuni
interesting pattern. thanks for sharing
DeGRAM
Execellent chart analysis
WalterMoon
Great analysis buddy, thanks for this chart !
basictradingtv
supportive as always, thanks!
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