REZ - 4 months HEAD & SHOULDERS TOP

═════════════════════════════════
Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS

🤝Let’s learn and grow together 🤝
═════════════════════════════════
Hello Traders ✌

To me this is a foggy situation. I see the Head & Shoulder more like a part of a larger consolidation rather than the peak of the uptrend. The 85.00 level could be quite strong.
Nonetheless I like the Pattern in itself, very well proportioned and compact so I wanted to alert you about it. A valid breakout would also breach the 200 days EMA and could establish a downtrend.

• Pattern Class: 🌕🌕🌕🌑🌑
  
• Target area: 80.00
  
• Breakout area below: 87.50
  

Entry Point and Initial Stop Loss depends on your Trading Plan Tactics and Money Management rules.

🔎🔎🔎 ALWAYS REMEBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
════════════════════════════════