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Entry -take short at the price below the neckline.
Stop loss- The price at the right shoulder
Exit – The difference between the entry and stop loss.
price point below the neck line is the entry price
stop loss is the price level of top of left or right shoulder
Exit price = (stop loss – buy price) + buy price
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Entry -Create short position at the price below the neckline.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Stop loss- The price at the right shoulder, ie .previous top.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Exit – The difference between the entry price and stop loss.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”></p>Entry Price :- The point after the breakout point. That is below the neckline of the last bottom.
Stop loss :- The top of the last shoulder.
Exit Price:- Entry Price + (Entry Price – Stop Loss)
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