Sloping neckline noted. Not all necklines are straight.
This pattern often occurs at or close to a top.
The neckline is support until broken.
This pattern consist of 2 shoulders with the both shoulders having price in the same ballpark. Rarely do the shoulders share the exact same price. They should be relatively equidistant from the head which is a higher peak than either shoulder and is in the middle of the 2 shoulders.
The pattern is not valid until the neckline is broken with a downtrend.
Short if the neckline is broken but retests are common. Once the neckline is broken, it becomes resistance.
No recommendation
This pattern often occurs at or close to a top.
The neckline is support until broken.
This pattern consist of 2 shoulders with the both shoulders having price in the same ballpark. Rarely do the shoulders share the exact same price. They should be relatively equidistant from the head which is a higher peak than either shoulder and is in the middle of the 2 shoulders.
The pattern is not valid until the neckline is broken with a downtrend.
Short if the neckline is broken but retests are common. Once the neckline is broken, it becomes resistance.
No recommendation