EUR/USD - Head & Shoulders Forming??? Input Please

Would this qualify as a the start of a potential head and shoulders????

Y/N and Why please?

if you see a move up to the top resistance line then a move back to the bottom resistance line, and it formed a head and shoulders looking thing, then yes it would. but it would need to form the formation first. then trade the break of the bottom aka the neck line

Yes.
Because it is still inside the formation required.

Neckline is a variable. {including the spike down}

You couldn't see that or was this a test?

I could see it on my charts the day it formed, and I actually traded it successfully but I am very inexperienced. I have been studying and trading demo for about 30 days now.

I wasn't sure if there is a requirement for the amount of time needed between the shoulders and the head. I also wasn't sure if the sharp spikes would disqualify it as a head and shoulders pattern.

Thanks for your input,

JS

Yes. a good knowledge of Trendlines and ABCD wave move will help you get a good understanding of H/S pattern.

Looks more like a Megaphone on the daily and 4h, waiting for a test to 1.3800. That figure would throw things higher for the pair. Either way we will only know when it happens.