What is head and shoulders ?
The head and shoulders chart pattern is a popular and easy-to-spot pattern in technical analysis that shows a baseline with three peaks, the middle peak being the highest. The head and shoulders chart depicts a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end.
The pattern appears on all time frames and can, therefore, be used by all types of traders and investors. Entry levels, stop levels, and price targets make the formation easy to implement, as the chart pattern provides important and easily visible levels
Is Doge Coin getting into head and shoulders patterns ?!
Time will show
Trading is knowledge . Patience is profit
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If not please comment a reason below so I can improve myself.
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Have a profitable trading
The head and shoulders chart pattern is a popular and easy-to-spot pattern in technical analysis that shows a baseline with three peaks, the middle peak being the highest. The head and shoulders chart depicts a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end.
The pattern appears on all time frames and can, therefore, be used by all types of traders and investors. Entry levels, stop levels, and price targets make the formation easy to implement, as the chart pattern provides important and easily visible levels
Is Doge Coin getting into head and shoulders patterns ?!
Time will show
Trading is knowledge . Patience is profit
Please like and follow if this review helped you.
If not please comment a reason below so I can improve myself.
Thanks
Have a profitable trading