There are a few ways to draw a head and shoulders
Using a Logarithmic scale and target
Linear target scale and target (in this case , would mean a negative value)
Or on a percentage basis
What we have here are the log and % targets lining up for the key level of $100
Using a Logarithmic scale and target
Linear target scale and target (in this case , would mean a negative value)
Or on a percentage basis
What we have here are the log and % targets lining up for the key level of $100
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.
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.