Head & Shoulders reversal?I'm just learning here. Starting simple. Feedback welcome.
A few things I'm seeing here:
Volume increasing at neckline
Volume decreased at right shoulder
Pullback to neckline on weak volume
Entry point at 3% above neckline - 196.76
Watching volume
Analysis based off "Technical Analysis of Stock Trends" by Edwards, Magee, Bassetti
Trade ideas
CSL.ASX - Short to Medium Term Price ForecastShare prices performed well in today's session after opening well below 157.74 support just around 155.60 support. It made its way back up and managed to close at 159.64. Share prices need to break and hold above 160.56 resistance before further moves to the upside. Failure could see prices fall to around 157.74-155.59













