Head and Shoulders Breakdown – Potential Short Setup

11 Şub

Pattern: Classic Head and Shoulders forming a bearish reversal.
📍 Key Levels:

Left Shoulder: 2911.78
Head: 2942.69
Right Shoulder: 2929.38
Neckline: Break below 2901.09 confirms downside

📊 Trade Plan:
✅ Short Entry: On a retest of 2918.58 (Fib 61.8% pullback)
🎯 Final TP Target: 2859.49 (Measured move projection)
❌ Invalidation: Above 2930 (right shoulder breach)

💡 Confirmation Signals:
🔹 Volume: Watch for declining volume on pullback, followed by strong selling pressure on breakdown.
🔹 Break & Retest: If price retests the neckline but fails to reclaim, it strengthens the bearish case.

📉 Bearish Bias Until 2859.49 – Let's see how this plays out!

#HeadAndShoulders #PriceAction #Forex #Crypto #Stocks

14 Şub

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