This is not a head and shoulders
The right shoulder broke to a higher high than the head, and the volume is higher during the ascent into the head than the decent back to the neckline.
Even though this isn't a H&S, I think it's still bearish and fits with the fib fans / retracements.
Typically the price target is measured by the height of the head from the neckline, placed at the break of the neckline (blue/purple). But, I think a more reasonable target is the height of the smallest shoulder, which fits with the long term 0.786 fib level.
Even though this isn't a H&S, I think it's still bearish and fits with the fib fans / retracements.
Typically the price target is measured by the height of the head from the neckline, placed at the break of the neckline (blue/purple). But, I think a more reasonable target is the height of the smallest shoulder, which fits with the long term 0.786 fib level.
הערה
This is a very short term, but valid and confirmed H&S עסקה פעילה
Short Entry: 10582Stop Loss: 10638
Target: 10156
R:R: 7.6
עסקה סגורה: הגיע לסטופ
כתב ויתור
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