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HEAD AND SHOULDERS CHART FORMATION
In this example, we can easily see the head and shoulders pattern formation that appears on the chart.📊
A head and shoulders pattern is used in technical analysis. It is a specific chart formation that predicts a bullish-to-bearish trend reversal.🕯
It is formed by a peak (shoulder), followed by a higher peak (head), and then another lower peak (shoulder).➕
A “neckline” is drawn by connecting the lowest points of the two troughs. And when spotted on the chart, they tend to play out exceptionally well when understood.✔️
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GOLD SELL NOW IN ZONE 2326-2330
(SCALPING)
TP 1 : 2324
TP 2 : 2320
TP 3 : OPEN
SL : 2335
+1
35pips Hit TP1 ✅✅✅
ZERO FLOAT 🔥🔥
Like usual secure half hold it with be
Trade failed sorry, zone has been totally ignored, gold is flying beyond that.
I'm going to allow gold to create a new structure, and try to recover this.
Repost from N/a
Gold sell now 2329.8 - 2333
SL: 2336
TP: 2328
TP: 2326
TP: 2324
TP: open
