Dear All
As you can see with this classical book example of H&S pattern this indicates the trend is changing and using the statistical measure for the t/p 316 is the level which also covers the gap in price.
Please remember this is just an idea not a trading advise and don't forget when trading keep an eye on a trade or place a s/l to make sure you won't be ruined by the speculation as at the end of the day there is always a chance the market will do something else :)
Be good
As you can see with this classical book example of H&S pattern this indicates the trend is changing and using the statistical measure for the t/p 316 is the level which also covers the gap in price.
Please remember this is just an idea not a trading advise and don't forget when trading keep an eye on a trade or place a s/l to make sure you won't be ruined by the speculation as at the end of the day there is always a chance the market will do something else :)
Be good
Trade closed: stop reached