$SPX $SPY - BEAR
- LOL not perfect but I'm suggesting a potential H&S =)
As always - hit me!
***Velocity - A high velocity rise leading to the pattern often results in a larger decline post breakout. ***
As always - hit me!
- Price Trend - Upward leading to the pattern
- Shape - Looks like a head perched atop two shoulders. A 3-peak pattern with the middle peak above the others. The pattern should look like a person’s head and shoulders, proportional, and not lopsided.
- Symmetry - The two shoulders should peak near the same price, be nearly the same distance from the head, and look similar (both wide or both narrow peaks).
- Volume - Highest on the left shoulder followed by the head. Trends downward 61% of the time. (Fails this I know)
***Velocity - A high velocity rise leading to the pattern often results in a larger decline post breakout. ***
Note
It's an art not a science ;)
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Publications connexes
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.