denchwl
Short

Chart Pattern: Head and shoulders

FX_IDC:USDSGD   U.S. Dollar / Singapore Dollar
30 min: Engulfing candletick
1 hour: Bullish candle could not close above the previous bearish candle.
Comment: 4 hour chart:
- 1st shoulder shows an engulfing bearish candle. It indicates trend is about to change
- at the head level, the bearish candle with a relatively long wick is formed as a result of the downward pressure from the sellers.
- the second shoulder, once again, confirmed the change in trend with a harami candle

As a whole, the head and shoulders pattern is formed
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out