ACC STRONG INSIDE

24 באוק׳ 2021

• ACC following the H&S Pattern
  breakdown happen yesterday
  300 points down side
  
  What Does a Head and Shoulders Pattern Tell You?
  
  A head and shoulders pattern is comprised of three component parts:
  
  
  After long bullish trends, the price rises to a peak and subsequently declines to form a trough.
  The price rises again to form a second high substantially above the initial peak and declines again.
  The price rises a third time, but only to the level of the first peak, before declining once more.
  
  The first and third peaks are shoulders, and the second peak forms the head. The line connecting the first and second troughs is called the neckline.
  
  How Do I Identify a Head and Shoulders Pattern on a Chart?The pattern is composed of a "left shoulder," a "head," then a "right shoulder" that shows a baseline with three peaks, the middle peak being the highest. The left shoulder is marked by price declines followed by a bottom, followed by a subsequent increase. The head is formed by price declines again forming a lower bottom. The right shoulder is then created when the price increases once again, then declines to form the right bottom.What Does a Head and Shoulders Pattern Indicate?The head and shoulders chart is said to depict a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end. Investors consider it to be one of the most reliable trend reversal patterns.How Can I Use the Head and Shoulders Pattern to Make Trading Decisions?
  The most common entry point is a breakout of the neckline, with a stop above (market top) or below (market bottom) the right shoulder. The profit target is the difference between the high and low with the pattern added (market bottom) or subtracted (market top) from the breakout price. The system is not perfect, but it does provide a method of trading the markets based on logical price movements.