All textbooks on technical analysis state that the reverse H&S pattern cannot be at the top. However, new studies say that the reverse H&S at the top can be executed, I have traded such a pattern on #TSLA, #FB and a number of other securities, and statistically this pattern has a fairly high reliability. The same pattern is now formed on #KDP, with the target of rising to $ 41 (up 31%).
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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.