ACC following the H&S Pattern
breakdown happen yesterday
300 points down side
What Does a Head and Shoulders Pattern Tell You?
A head and shoulders pattern is comprised of three component parts:
After long bullish trends, the price rises to a peak and subsequently declines to form a trough.
The price rises again to form a second high substantially above...
ACC has traded into the weekly resistance which was previously support.
As the price moved to resistance, we can see on weekly long wicks to the downside .
Now on the daily TF we have bearish engulfing. Enter short and target around 1125 as first target.
