AEX - 5 months HEAD & SHOULDER TOP

30 ene 2022

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Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS

🤝Let’s learn and grow together 🤝
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Hello Traders ✌

As we can see on the weekly chart, we are at the top
of a strong uptrend. The pattern is also taking place
at the all time highs (violet dotted line) and the
neckline stands at 754.00 level. A breakdown would
also breach the 200 days EMA.
If prices go towards the target, keep in mind that we
may have to deal with the previous level at 720.00

• Pattern Class: 🌕🌕🌕🌕🌕
  
• Target area: 685.00
  
• Breakout area below: 743.00
  

Entry Point and Initial Stop Loss depends on your
Trading Plan Tactis and Money Management rules.

🔎🔎🔎 ALWAYS REMEBER
"A pattern is NOT a Pattern until the breakout is
completed. Before that moment it is just a bunch of
colourful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal
opinion and it is posted purely for educational
purpose and therefore it must not be taken as a
direct or indirect investing recommendations or
advices. Any action taken upon these informations
is at your own risk.
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