potential trade set up if nas100 respect this chart pattern
inverse Head and Shoulders
The name speaks for itself. It is basically a head and shoulders formation, except this time it’s upside down. 🙃
A valley is formed (shoulder), followed by an even lower valley (head), and then another higher valley (shoulder).
These formations occur after extended downward movements.
If your target is hit, then be happy with your profits.
However, there are trade management techniques where you can lock in some of your profits and still keep your trade open in case the price continues to move your way.
inverse Head and Shoulders
The name speaks for itself. It is basically a head and shoulders formation, except this time it’s upside down. 🙃
A valley is formed (shoulder), followed by an even lower valley (head), and then another higher valley (shoulder).
These formations occur after extended downward movements.
If your target is hit, then be happy with your profits.
However, there are trade management techniques where you can lock in some of your profits and still keep your trade open in case the price continues to move your way.
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