Classic Pattern (Head&Shoulders) in TF: 5m has been completed
Pattern: Head&Shoulders (timeframe: 5 minutes)
Trigger: Break lower timeframe Trendline
Tool: Andrew's Pitchfork
Trigger: Break lower timeframe Trendline
Tool: Andrew's Pitchfork
Trade active
:The frist correction of the wave had been completed by Channel pattern.
I think the second one will be started becuase the head and shoulders pattern has been completed in timeframe 5 minutes.
Minimum and typical targets have been shown in the chart.
Trade closed: target reached
The price has reached the targets.
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Related publications
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.