INVERTED HEAD AND SHOULDER - PERFECT PRICE ACTION EXAMPLE IN M&M
We can see perfect price action for Inverted head & shoulder pattern here.
The price made shoulder 1 and moved down to form complete inverted head & shoulder pattern 2.
It gave a breakout with shoulder 2 target met in confluence with neckline of pattern 1.
Then proper pullback and continuation is seen to neckline 2 and then back to neckline 1 completing our pattern 1.
Now it has given a breakout and looks good above 1075 level for a positional target of 1172.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar
The price made shoulder 1 and moved down to form complete inverted head & shoulder pattern 2.
It gave a breakout with shoulder 2 target met in confluence with neckline of pattern 1.
Then proper pullback and continuation is seen to neckline 2 and then back to neckline 1 completing our pattern 1.
Now it has given a breakout and looks good above 1075 level for a positional target of 1172.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar
For high probable swing picks, join t.me/EquityResearch_PAC_bot
TG channel t.me/priceactionchart
My TG ID @tanya151181
Course details:
tinyurl.com/PAC2COURSE
All Ideas posted by me are for Educational Purpose.
TG channel t.me/priceactionchart
My TG ID @tanya151181
Course details:
tinyurl.com/PAC2COURSE
All Ideas posted by me are for Educational Purpose.
Penafian
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