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SUI
Long

SUI Inverse Head and Shoulders Pattern

382
he Head and Shoulders Bottom is a major reversal pattern that forms after a downtrend. A completion of the pattern marks a trend change. The pattern contains three successive troughs with the middle trough (head) being the deepest and the two outside troughs (shoulders) being shallower. Ideally, the two shoulders would be equal in height and width. The reaction highs in the middle of the pattern can be connected to form resistance, or a neckline. To measure the projected rise in price measure the neckline depth of the head to a line that intersects the two shoulders. In this case the measured move is approximately 4.00 dollars. Do your own research and happy investing.
robertsrick1111
Chart Patterns

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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.
Chart Patterns
robertsrick1111

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.