What is ๐&๐ ๐๐จ๐ง๐ญ๐ข๐ง๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐๐ญ๐ญ๐๐ซ๐ง and How to Use in for doing ๐๐ฐ๐ข๐ง๐ ๐๐ซ๐๐๐ข๐ง๐ !
A Thread! ๐๐งต
A Thread! ๐๐งต
Head and shoulder chart pattern can form as a continuation on price charts. In uptrends, a H&S continuation will be similar to a H&S bottom and in downtrends it will resemble an inverse H&S.
The implications and interpretations of continuation H&S are usually the same with reversals. Price objectives can be derived in the same way as it is calculated on a reversal chart pattern.
If a head and shoulders continuation pattern forms during an uptrend, it will usually break out to new highs once the pattern is finished. Bullish continuation chart patterns usually lead to reliable and powerful breakouts to all-time highs.
A downtrending head and shoulder continuation generally breaks minor lows and follows the path of least resistance. Breaking a horizontal support might accelerate a downtrending price.
Here is the chart of Navin Flourine showing H&S continuation chart pattern with breakaway gap.
Below mentioned is the daily chart of voltas showing H&S Continuation pattern.
Here is the follow up chart of voltas and information about where we would have taken the entry and ride the upside using 9ema.
That's the wrap now!
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I hope you all the content and do share with your friends
Do Retweet the First Tweet to help educate other beginner traders.
@chartmojo @caniravkaria @PAlearner @KommawarSwapnil @BeyondTrading07 @Rishikesh_ADX @Puretechnicals9 @_chartitude
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