4 Hour Chart Bearish Divergence
Head & Shoulder Pattern and Break Below Neckline
Sell Limit at 0.382 fib retracement (21490)
This 21450-21490 area has also served as previous support.
Break below neckline assuming support turned resistance
Stop Loss set above the right shoulder
TP 1 calculated based on risk taken at 1:1
TP2 calculated based measured move of H&S
from neckline set at 1:2 RR
Total 1:1.5 RR Trade
Head & Shoulder Pattern and Break Below Neckline
Sell Limit at 0.382 fib retracement (21490)
This 21450-21490 area has also served as previous support.
Break below neckline assuming support turned resistance
Stop Loss set above the right shoulder
TP 1 calculated based on risk taken at 1:1
TP2 calculated based measured move of H&S
from neckline set at 1:2 RR
Total 1:1.5 RR Trade
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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.
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.