Projected price decline is found by measuring the distance from the neckline to the top of the head. This distance is then subtracted from the neckline to reach a price target.
Right shoulders isn't complete. For confirmation, neckline needs to be broken. Deff a good entry to short on a stock that has had 5300% growth in a 52 week period. Short Position SL 16.00
Long term Short position. From May 2019- $60.00 July 2019 $240.00.... There will be a correction. We have a obvious head and shoulders pattern that has unfolded for BYND. For target price.= height of head to neckline x 2.
If we dont close above 10847, we will move sideways past the trend line till a candle closes below it. Shorts. Entry. 10781 SL 10850. Target: Rekt
Take the height of the head to the neckline and add the distance together to form the price target for a head and shoulders pattern. Both of the shoulders and head are as well H&S patterns on Shorter time frames. The Support lines are possible rejections zones. People make fun of me when I tell them I look mostly at 1 min charts. Especially when it comes to...