FM - 5 month HEAD & SHOULDER TOP
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Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
As we can see on the weekly chart, we are at the top
of a strong uptrend. The pattern is also taking place
at the 36.20 previous level. Any valid breakout will
breach the 200 days EMA and the previous 33.40
level at the same time. If prices go towards the
target, keep in mind that we may have to deal also
with two previous levels at 32.00 e 31.40.
Entry Point and Initial Stop Loss depends on your
Trading Plan Tactics and Money Management rules.
🔎🔎🔎 ALWAYS REMEBER
"A pattern is NOT a Pattern until the breakout is
completed. Before that moment it is just a bunch of
colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal
opinion and it is posted purely for educational
purpose and therefore it must not be taken as a
direct or indirect investing recommendations or
advices. Any action taken upon these information
is at your own risk.
════════════════════════════════
Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
═════════════════════════════════
Hello Traders ✌
As we can see on the weekly chart, we are at the top
of a strong uptrend. The pattern is also taking place
at the 36.20 previous level. Any valid breakout will
breach the 200 days EMA and the previous 33.40
level at the same time. If prices go towards the
target, keep in mind that we may have to deal also
with two previous levels at 32.00 e 31.40.
- Pattern Class: 🌕🌕🌕🌕🌑
- Target area: 31.00
- Breakout area below: 33.20
Entry Point and Initial Stop Loss depends on your
Trading Plan Tactics and Money Management rules.
🔎🔎🔎 ALWAYS REMEBER
"A pattern is NOT a Pattern until the breakout is
completed. Before that moment it is just a bunch of
colorful candlesticks on a chart of your watchlist"
═════════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal
opinion and it is posted purely for educational
purpose and therefore it must not be taken as a
direct or indirect investing recommendations or
advices. Any action taken upon these information
is at your own risk.
════════════════════════════════
Disclaimer
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