As you will see here this chart displays a text book head and shoulders forming, the reversal is measured from head to shoulders (red circles and set as black lines)
Target green line, if we break resistance if not we may see a bounce back off the blue line which is bottom of channel. Resistance are the red lines.
Simple chart Ive see the head and shoulders posted before and measurements are out of whack but here they are. Green line is the reversal line where we have set as target
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