WALL STREET, HEAD AND SHOULDERS !!!! (SHORT TERM TRADE)
The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns.
Like all charting patterns, the ups and downs of the head and shoulders pattern tell a very specific story about the battle being waged between buyers and sellers.
However, once price declines and reaches a point below the initial peak, it is clear that sellers are gaining ground. buyers try one more time to push price upward but succeed only in hitting the lesser high reached in the initial peak. This failure to surpass the highest high signals the buyers defeat and sellers take over, driving the price downward and completing the reversal.
lets watch and see, who will win the fight and give as the profits,
enjoy it,
you can contact me for any further question,
#stayhome
Like all charting patterns, the ups and downs of the head and shoulders pattern tell a very specific story about the battle being waged between buyers and sellers.
However, once price declines and reaches a point below the initial peak, it is clear that sellers are gaining ground. buyers try one more time to push price upward but succeed only in hitting the lesser high reached in the initial peak. This failure to surpass the highest high signals the buyers defeat and sellers take over, driving the price downward and completing the reversal.
lets watch and see, who will win the fight and give as the profits,
enjoy it,
you can contact me for any further question,
#stayhome
Nota
with the help of the RSI and MACD, I vote that the sellers will win !!
what do you think guys!?
Nota
anybody want tell us about the earnings ?!? we have a lot of earnings reports these days.
who believe that it would help the buyers to rise up the price!!
Trade attivo
For the who waited for the battle and watched that the buyers won, it's just happend at the closing period of the market,
so, WHAT DOES THAT MEAN?!
it means that we are going to have a long bullish trend,
i'll upload a new Idea with the name of head and shoulder break out,
you welcome to get the new movement with the TP and SL,
wish you all the best.
Trade chiuso: obiettivo raggiunto
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.