Head & Shoulder Pattern Using Mondays Candles Set UP
This is based on mondays candles which are boxed in the coloured boxes the break out of the zone indicates the head as shown.
Then we had a 100% retrace back to the bottom of that Monday zone creating the neck line.
Then the market moved back towards the opposite creating the right shoulder its right about on the support of the left shoulder i expect this to now be in a buy position and possibly move for a 30 to 50 pip movement
Then we had a 100% retrace back to the bottom of that Monday zone creating the neck line.
Then the market moved back towards the opposite creating the right shoulder its right about on the support of the left shoulder i expect this to now be in a buy position and possibly move for a 30 to 50 pip movement
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.