Lone Ranger 21
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Today I want to share one of the most reliable patterns in trading — the "Three Peaks" (also known as the "Head and Shoulders" pattern). If you learn to identify it on the chart, you can catch trades with a very high success rate.
What does the pattern look like? — First rise (left shoulder) — Second, higher than all (head) — Third rise, roughly at the level of the first (right shoulder)
Between them, there are dips that form the neckline.
Why does this work? This model shows that buyers are gradually losing strength. Once the price breaks through the neckline, sellers come in, often leading to a strong move.
Statistics — about 90% accuracy in execution, especially on higher timeframes.
How I trade it: I always enter at the right shoulder, after identifying the upper resistance level in advance. This provides an exact entry point with minimal risk and good profit potential.
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@Talhasaleem @AsifKhan109
@Ç Z R @TINKLAW - TEAMMATRIX
What does the pattern look like? — First rise (left shoulder) — Second, higher than all (head) — Third rise, roughly at the level of the first (right shoulder)
Between them, there are dips that form the neckline.
Why does this work? This model shows that buyers are gradually losing strength. Once the price breaks through the neckline, sellers come in, often leading to a strong move.
Statistics — about 90% accuracy in execution, especially on higher timeframes.
How I trade it: I always enter at the right shoulder, after identifying the upper resistance level in advance. This provides an exact entry point with minimal risk and good profit potential.
#Write2Earn
#BinanceSquareTalks
#MarketLiveUpdate
@EarnPii - TEAM MATRIX - TANK TinkTank @MrRUHUL @BOBBERs @OVMARS - TEAM MATRIX @Mxwll User92b22 - MxGsh TEAM MATRIX @عثمان بن ذو الفقار @Mishaqkhan369
@Talhasaleem @AsifKhan109
@Ç Z R @TINKLAW - TEAMMATRIX
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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