A break below the neckline is considered a confirmation of the bearish pattern and suggests that the price is likely to fall further. The target price for the decline is typically calculated by measuring the distance from the head to the neckline and then subtracting that distance from the neckline price.
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.