SOCL has set up for a potential short from current 18.87 down toward 16.00. The top of the head is 21.15 and the shoulders are closer to 18.50.
The math: neckline - (head - neckline) = target price.
18.50 - (21.15 - 18.50) = 15.85
The math: neckline - (head - neckline) = target price.
18.50 - (21.15 - 18.50) = 15.85
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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.