══════════════════════════════ 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 forgot to post this idea and, even if prices could still pull back to the breakout area, at the moment, this would be a late entry so I'm not considering this trade. Nonetheless, I must show it to you since this is a textbook Head & Shoulders Top. It also took place at the all-time high after a quite vertical move. You can keep it as a reference of what we want to see when looking for a H&S Top.
Pattern Class: 🌕🌕🌕🌕🌕
Target area: 208.00
Breakout area below: 275.00
Entry Point and Initial Stop Loss depends on your Trading Plan Tactics and Money Management rules.
🔎🔎🔎 ALWAYS REMEMBER "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. ═════════════════════════════