FUTURE BULLISH - EUR/USD -Head and shoulders pattern explanation
Hello TRADERS :
/Short time is a bearish
/Long time is a bullish
-[let's wait for consultation]
___ Theoretical information:
-A head and shoulders pattern is a chart formation that resembles a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
-By probability the size on the head will be equal to the size of the green line, the same as the red line.
-Is expected the price to reach the red horizontal line before it eventualy move up.
-In the future we may have a bullish formation, let´s wait for that
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