In such a case, H&S can be either a continuation pattern or compound fulcrum.
This is how to differentiate:
• if right shoulder is smaller than left, most likely a continuation H&S
• if right is same or higher than left, and the price is not coming to neckline, most likely CF
sir a doubt does head & shoulders work in down trend ? pic.twitter.com/dytYmbzOfp
— Vega_Greek (@VegaGreek) May 13, 2021
More from Piyush Chaudhry
15 Months to this post. No change in the larger projections.
Long Term Chart of the Year.#NIFTY - Wave 5 (Cycle Degree) Target Zone of 25000-34000 by 2024-2027.
— Piyush Chaudhry (@piyushchaudhry) December 19, 2020
Reassessment on a breach below Blue Trendline. A breach is not a necessary invalidation. Depends on internals.
The dashed path is for representative purpose only. #ElliottWave pic.twitter.com/1xVY4OSr5T
More from Stockslearnings
U can guage the strength in the trend once u know how to measure the direction.
This trend strength is infact signals the trend continuity or the potetnial for sustanining the trend.
Thats great assurace to hav https://t.co/HanLvlXkjQ
Before making ur trade entry or even before making a bias of trend as either bullish or bearish, do u use any objective measures to define the trend based on price, volume and momentum?
— Aneesh Philomina Antony (@ProdigalTrader) May 15, 2021
Price will always go back and forth move no matter how strong the trend is.
1/4 pic.twitter.com/qqizh2JO3J
You May Also Like
One of the oddest features of the Labour tax row is how raising allowances, which the media allowed the LDs to describe as progressive (in spite of evidence to contrary) through the coalition years, is now seen by everyone as very right wing
— Tom Clark (@prospect_clark) November 2, 2018
Corbyn opposes the exploitation of foreign sweatshop-workers - Labour MPs complain he's like Nigel
He speaks up in defence of migrants - Labour MPs whinge that he's not listening to the public's very real concerns about immigration:
He's wrong to prioritise Labour Party members over the public:
He's wrong to prioritise the public over Labour Party