inverse heads and sholders
BTH 1hr timeframe, inverse heads a sholders. Buy on the break of .88, stop @ .825, profit target. 945. R/R. 1:2.6
Buy signal.
Invs heads and shoulders
rising obv
moving above 50ma.
pros- high probability patterns, good fundamentals. Potential to be a long term hold. definded risk
Cons- inverse heads and sholders pattern is only on the 1hr timeframe vs on a daily pr wekly chart. Tech stocks have neen selling off with asx market decline.
Buy signal.
Invs heads and shoulders
rising obv
moving above 50ma.
pros- high probability patterns, good fundamentals. Potential to be a long term hold. definded risk
Cons- inverse heads and sholders pattern is only on the 1hr timeframe vs on a daily pr wekly chart. Tech stocks have neen selling off with asx market decline.
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.