Novo Nordisk price has charted a famous and beautiful reversal pattern - Head & Shoulders.
We have 3 peaks with the middle one the tallest also called Head.
The Right Shoulder inclines down so the magnitude of the bearish move is strong.
The dotted line between valleys of the Head is called a Neckline.
The bearish target for this reversal is located at the distance of Head's height subtracted from the breakdown point on the Neckline.
So, the target is at $89.
This area aligns very well with the bottom of last October and the peak of last May.
We have 3 peaks with the middle one the tallest also called Head.
The Right Shoulder inclines down so the magnitude of the bearish move is strong.
The dotted line between valleys of the Head is called a Neckline.
The bearish target for this reversal is located at the distance of Head's height subtracted from the breakdown point on the Neckline.
So, the target is at $89.
This area aligns very well with the bottom of last October and the peak of last May.
交易結束：目標達成
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