How a Sloped Neckline Changes Price Over Time
Summary
Hollow Point Trading shares an educational Qualcomm IEX example explaining why a sloped neckline has no single fixed price. It uses two observed reaction lows to show how to compare price with the neckline at the time being tested, without claiming a confirmed head and shoulders pattern.
https://youtu.be/tLhgO5lTiAc
A sloped neckline changes price with time #QCOM #Neckline #Shorts
A sloped neckline does not have one fixed price. In a head and shoulders pattern, the neckline connects the reaction lows. If those lows differ, compare price with the line at the time being tested. This historical Qualcomm IEX example demonstrates the arithmetic with two declared observed lows, not a confirmed head and shoulders pattern. The fi...
