SPY ... Head and Shoulders pattern on Hourly [short setup]

I saw Head and Shoulders pattern on SPY hourly chart ... I have made these notes on the chart on 19th Feb . However I didnt get chance to publish the idea nor I took the SHORT trade.



Please note , this pattern already completed , dont enter any short trade now ... I Just wanted to share , to show how the pattern works

Kommentera:

after breakthrough support line , see exactly it dropped 7 dollars , which is the height of neck ... so thats measured move