I'd prefer to use this to take a small profit against to overall trend with a relativly tight stoploss. But a stop below the head is fine too (to shoot for a slightly bigger target). If you do that be aware of potential bearish patterns forming within the right shoulder to determine where the best place for your target is.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.