The three major confirming factors for a head and shoulder combination is present here with 1. Volume decreasing steadily from the left shoudler to the right one. 2. the head is formed well above left shoulder and the right shoulder has the least peak. 3. Now we have to wait for the neckline to be broken by a margin close to 3%, which confirms the breakout.
1. Volume decreasing steadily from the left shoudler to the right one.
2. the head is formed well above left shoulder and the right shoulder has the least peak.
3. Now we have to wait for the neckline to be broken by a margin close to 3%, which confirms the breakout.