A C&H on INFY.
Once it crosses a horizontal previous High, it hasn't even retested the same level again. So far from 2020 Lows.
#Fractal
More from Piyush Chaudhry
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
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 Compounding
Here is #Infosys weekly chart along with EW counts and trend channel.
EW 5=1 at 1650
Notice the RSI. Do you see any pattern there?
@AnandableAnand
@chartmojo https://t.co/H9qjNi42qZ
EW 5=1 at 1650
Notice the RSI. Do you see any pattern there?
@AnandableAnand
@chartmojo https://t.co/H9qjNi42qZ
#Infosys
— Anchit Goel (@anchitsays) April 2, 2021
Cup & Handle formation. A good Breakout can come soon which can take it to 1550 or so.
EW5 is going on.@Milind4profits @MaverickAmit01 pic.twitter.com/vI0Y5jCgCH