Head and shoulder pattern fulfillment
JD has fulfilled its first down side target after breaking down from the big head and shoulder's pattern.
It is likely for it to retrace higher to build energy for the second leg down. After a big topping formation, there is usually two legs to the down side. Now it is time to wait patiently for the corrective structure to form and then trade again on the short side.
It is likely for it to retrace higher to build energy for the second leg down. After a big topping formation, there is usually two legs to the down side. Now it is time to wait patiently for the corrective structure to form and then trade again on the short side.
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.