The head and shoulders reversal pattern
On the chart, we see a classic figure of technical analysis. At point A uptrend is proceeding as expected with no sign of the top.
1) In zone 1 - volume expands on the price move into new high.
2) At the point C the volume of trade is greatly reduced - zone 2.
3) A decline at the point D approacheds the previous reaction low - volume of trade - zone 3.
4) At the point E - volume of trade is greatly reduced again.
5) Zone 5 - The deciding factor in the resolution of the head and shoulders top is the decisive closing volation of the neckline.
6) Zone 6 - A return move back to neckline (point G) followed new low
1) In zone 1 - volume expands on the price move into new high.
2) At the point C the volume of trade is greatly reduced - zone 2.
3) A decline at the point D approacheds the previous reaction low - volume of trade - zone 3.
4) At the point E - volume of trade is greatly reduced again.
5) Zone 5 - The deciding factor in the resolution of the head and shoulders top is the decisive closing volation of the neckline.
6) Zone 6 - A return move back to neckline (point G) followed new low
Nota
SHORTNota
Theoretical signal almost worked
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.