As you can see it has created a beautiful Inverted Head and Shoulder Patternn.
The Rules are from the center of the head to center of the shoulder there should be at least 7 to 8 candles.
After creating the first shoulder, Price Touches the neckline let's take that point as A and the bottom of the head as Point B.
When finally after creating an inverted head and shoulder pattern the price crosses the neckline and closes above it and creates a new candle there that's the point to buy and draw a line from point a to point b and place it above the neckline and there you get your Target Price.
Next to Inverted Head and Shoulder Pattern, it has created Double Top. See if you can find or let me know below.
The Rules are from the center of the head to center of the shoulder there should be at least 7 to 8 candles.
After creating the first shoulder, Price Touches the neckline let's take that point as A and the bottom of the head as Point B.
When finally after creating an inverted head and shoulder pattern the price crosses the neckline and closes above it and creates a new candle there that's the point to buy and draw a line from point a to point b and place it above the neckline and there you get your Target Price.
Next to Inverted Head and Shoulder Pattern, it has created Double Top. See if you can find or let me know below.
Comment:
"only for educational purposes"