MSFT Microsoft resembling a head and shoulder reversal pattern. Two ways to short it.
Quick post here.
Note that this is a reversal trade.
Two possible executions:
1. $Microsoft(MSFT.US$ head and shoulder reversal pattern with neckline around 396. If below, short-term reversal down confirms.
2. Risk level short trade at resistance level around 409 - 412 assuming resistance is true on a tight stop.
Let’s see what happens……
Hit the follow me button for more updates.
Explanation of a head and shoulders pattern:
The head and shoulders pattern is a chart formation used in technical analysis to indicate a bullish-to-bearish trend reversal. Here’s a simple summary:
Formation: It appears as three peaks on a chart.
Components:Head: The middle peak, slightly higher than the other two.Shoulders: The left and right peaks.
Meaning: Indicates that a rising price trend is about to reverse. Prices may start going down (entering a bearish phase).
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
SGX Academy Trainer | International Speaker | Angel Investor | Automated System Developer | Made first pot Gold at 18
690Followers
1Following
1601Visitors
Follow
Binni OngOP : Risk level trade is working well