Trading Idea - #DAX
Sell/Short after head and shoulders pattern forms!
Entry: 15.290 (the neck line)
Target: 14.937 (the head height)
1. the initial rally into the pattern is often associated with a strong rise.
2. the first shoulder forms where price peaks before falling back to a support level - the neckline.
3. once the market reaches the neckline, it rallies to make a higher high before pulling back to the neckline.
4. the market then bounces off the neckline again, this time making a lower high than the previous bounce off the neckline.
5. the pattern is only confirmed when the sell-off from the second shoulder breaks below the neckline, after which the target equals the distance between the neckline and the top of the "head".
Sell/Short after head and shoulders pattern forms!
Entry: 15.290 (the neck line)
Target: 14.937 (the head height)
1. the initial rally into the pattern is often associated with a strong rise.
2. the first shoulder forms where price peaks before falling back to a support level - the neckline.
3. once the market reaches the neckline, it rallies to make a higher high before pulling back to the neckline.
4. the market then bounces off the neckline again, this time making a lower high than the previous bounce off the neckline.
5. the pattern is only confirmed when the sell-off from the second shoulder breaks below the neckline, after which the target equals the distance between the neckline and the top of the "head".
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.