Apple Inc
Education

Head & Shoulders reversal pattern: AAPL chart

286
Beautiful symmetric reversal Head & Shoulders pattern is in the making.
We have three peaks with the highest in between called Head.
Left and right peaks are "shoulders".
The line between valleys of the Head is called Neckline.
This pattern reverses the price course at the climax.
Trading technique:
Sell entry is triggered on the breakdown of the Neckline
Stop loss is at the invalidation point - breakup of the Right Shoulder (red dashed line)
Take profit is set at the height of the Head subtracted below Neckline (blue dashed line)

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.