Currently firmly above the neckline of this inverse head and shoulders pattern. Could definitely still find a way back below the neckline but if it does return to the neckline and maintain it as support that is a solid place to go long or add to a position for my own personal strategy. *not financial advice*
Note
We can see the measured move line here is still very valid because of how it’s acting as wick resistance. This increases the probability that where it is placed is the legitimate breakout pointTrade closed: target reached
Target hit!
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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.