Left shoulder low: ~$127
Peak between LS and Head (left neckline): ~$136-137
Head low: ~$107
Right shoulder low: ~$128-129
Current price: $134.19 — still inside the pattern, approaching the neckline
The neckline at ~$136-137 has NOT been broken yet. At $134, price is still ~$2-3 below the neckline. So this is still a pending IH&S breakout, not a confirmed one. That's actually more
A 2h close above $137 with above-average volume confirms the pattern.
Neckline ~$136.50, Head low ~$107 → height = ~$29.50
Target = $136.50 + $29.50 = ~$166
Peak between LS and Head (left neckline): ~$136-137
Head low: ~$107
Right shoulder low: ~$128-129
Current price: $134.19 — still inside the pattern, approaching the neckline
The neckline at ~$136-137 has NOT been broken yet. At $134, price is still ~$2-3 below the neckline. So this is still a pending IH&S breakout, not a confirmed one. That's actually more
A 2h close above $137 with above-average volume confirms the pattern.
Neckline ~$136.50, Head low ~$107 → height = ~$29.50
Target = $136.50 + $29.50 = ~$166
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.