Thanks for uploading the additional chart. This second image continues to illustrate a Head and Shoulders pattern on a trading chart for CFDs on Gold. Here’s a quick breakdown of what it represents:
Left Shoulder, Head, and Right Shoulder: These are clearly marked and highlighted with orange circles.
Neckline / Entry Line: This is the horizontal blue line, indicating the potential short entry point.
Stop Loss: Placed above the right shoulder in a resistance zone.
Take Profit: A level below the neckline, aligned with the previous support zone.
This setup suggests a bearish reversal pattern, often used by traders to identify shorting opportunities once price breaks below the neckline.
Would you like me to compare the two images, enhance one, or create a unified or stylized version based on them?
Left Shoulder, Head, and Right Shoulder: These are clearly marked and highlighted with orange circles.
Neckline / Entry Line: This is the horizontal blue line, indicating the potential short entry point.
Stop Loss: Placed above the right shoulder in a resistance zone.
Take Profit: A level below the neckline, aligned with the previous support zone.
This setup suggests a bearish reversal pattern, often used by traders to identify shorting opportunities once price breaks below the neckline.
Would you like me to compare the two images, enhance one, or create a unified or stylized version based on them?
Disclaimer
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.
Disclaimer
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.