Vertiv Holdings, LLC
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$VRT Head and Shoulders Failure Signal

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Note: I am LONG VRT

A Head and Shoulders failure pattern occurs when prices break below the neckline, suggesting a potential reversal to an up-trend; however, the move lower does not gain traction. Instead, prices drift higher until trading above the previously defined Right Shoulder high.

My long entry triggers when price > right shoulder high, which invalidates the bearish setup, and signals a continuation of the up-trend as trapped short sellers are forced to cover. Often times, this amplifies the momentum in the move higher​​.

Past performance is not indicative of future results. Opinions are not positions, and vice versa.
Trade chiuso: obiettivo raggiunto
gg, thank you $VRT!

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