William Perkasa
Wednesday, September 11, 2013
- Happens after an extended downtrend.
- Formed by a valley, followed by a lower valley, and then another higher valley. A neckline is formed by connecting the high points of the 2 peaks.
- Place your long entry order above the neckline.
- We calculate our target by measuring the distance between the low point of the head and the neckline. This is the approximate distance that the price will move after it breaks the neckline.
Title : Reverse Head and Shoulders
Description : Reverse Head and Shoulders Happens after an extended downtrend. Formed by a valley, followed by a lower valley, and then another higher ...
Candlesterling :
