A high velocity rise leading to the pattern often results in a larger decline post breakout... IF price closes below the yellow line, I expact a higher sell pressure and a mid-term retracement to the green dotted line. We are still further away from a possible short position.
Both shoulders should look rather similar (not given ), the velocity rise and volume criteria (highest on the left shoulder followed by the head) are given. Let's see how this work. Do not enter prematurely
Both shoulders should look rather similar (not given ), the velocity rise and volume criteria (highest on the left shoulder followed by the head) are given. Let's see how this work. Do not enter prematurely