IF IT BREAKS HORIZONTAL LINE ON CLOSING BASIS IT MAY COME DOWN TO LOWER TRENDLINE WATCH IT AND IT IS TIME YOU MANAGED YOUR LONG POSITIONS SO WATCH OUT AND MR. DONALD TRUMP HAS SAID WILL NOT ROLL BACK TARIFFS :)
NOTE:NO ADVICE ONLY FOR EDUCATION
Is this head and shoulders? Yes
Is this a good head and shoulders pattern? No
Here are the reasons why one should avoid going short:
1) Premature neckline breakdown in almost 41+ bars. A breakdown in approx 64 bars (or little more) would have been a good one.
2) Volume increases near the head and shoulder peak and decreases near the neckline in case of good...