This pattern is not valid until the neckline is broken with a confirmed downtrend. The neckline is a strong source of support in the mean time.
The pattern consists of 2 shoulders with the head in the center. Each shoulders should have a price in the same ball park.
Targets can be calculated by measuring from the head to the neckline and projected down from the neckline.
Then fib levels are applied to this measurement. The fall can be 100% but is usually a lesser or great fib level depending on the strength of the security itself, support levels and market sentiment.
No recommendation.
Success can be going from failure to failure without losing enthusiasm (o:
The pattern consists of 2 shoulders with the head in the center. Each shoulders should have a price in the same ball park.
Targets can be calculated by measuring from the head to the neckline and projected down from the neckline.
Then fib levels are applied to this measurement. The fall can be 100% but is usually a lesser or great fib level depending on the strength of the security itself, support levels and market sentiment.
No recommendation.
Success can be going from failure to failure without losing enthusiasm (o: