It looks like head and shoulders in progress on Zalando. It is just an opinion.
Comment:
The chart might indicate a head and shoulders pattern. Here's what aligns with the pattern:
There are three peaks, with the middle peak being the highest.
A neckline can potentially be drawn connecting the lows before the left shoulder and the head.
However, some aspects don't strictly adhere to the classic head and shoulders pattern:
The right shoulder is not as low as the left shoulder. Ideally, they should be at about the same height.
Important to remember:
Head and shoulders is just a technical indicator, and not a foolproof way to predict price movements.
Other technical indicators and fundamental analysis should be considered when making investment decisions.
Overall, the chart shows a possible head and shoulders pattern, but it isn't a textbook example. It's important to consider this alongside other factors before making any investment decisions.
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There are three peaks, with the middle peak being the highest.
A neckline can potentially be drawn connecting the lows before the left shoulder and the head.
However, some aspects don't strictly adhere to the classic head and shoulders pattern:
The right shoulder is not as low as the left shoulder. Ideally, they should be at about the same height.
Important to remember:
Head and shoulders is just a technical indicator, and not a foolproof way to predict price movements.
Other technical indicators and fundamental analysis should be considered when making investment decisions.
Overall, the chart shows a possible head and shoulders pattern, but it isn't a textbook example. It's important to consider this alongside other factors before making any investment decisions.