Head and Shoulders Pattern
Updated
RULES FOR TRADING HEAD & SHOULDERS FORMATION.
1. Wait for the break of neckline. this is the first confirmation you need, before thinking of going short.
2. Enter a short position on retest of the neckline.
Hence, for this trade to be valid, we need to patiently wait for this rules to be met, i will update when its active.
1. Wait for the break of neckline. this is the first confirmation you need, before thinking of going short.
2. Enter a short position on retest of the neckline.
Hence, for this trade to be valid, we need to patiently wait for this rules to be met, i will update when its active.
Trade active
Neckline got broken today, we wait for retest and enter sell.Note
almost hitting target, secure the bagTrade closed: target reached
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