Right here’s a head and shoulders sample that fashioned about the NZDJPY weekly chart over various months. This was a formation that I traded and also commented on a number of times on This page as things unfolded.
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Because the identify indicates, a narrowing wedge happens when selling price action gets “squeezed†by assist and resistance. As the pair has no preference but to sooner or later split out, we simply call this a terminal sample.
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