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Tagged: Head and Shoulder
entry should be at when the right shoulder crosses the neck line .
sl: top of the right shoulder
exit: the difference between the entry price and stop loss.
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>for short position</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Entry price : the point where the neckline cuts the right shoulder.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Exit price : Target</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Stop loss : Right shoulder top</p>
<span style=”color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Entry : when it breaks into the R. shoulder neck line</span><br style=”box-sizing: border-box; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;” /><span style=”color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Exit: Take the value between the Head and entry and reduce to the entry point</span><br style=”box-sizing: border-box; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;” /><span style=”color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Stop Loss: Head point</span>
head and shoulders:
entry – short position can be considered while breaking down the right shoulder neck line.
exit price – target price
stop loss – Right shoulder top
Short position can be created with the break out on neck line on the right shoulder with the stop loss on the top of the right shoulder. Exit price is always the target price.
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