Verified InvestingPublished 2026-10-01
“Yields Hit Banks as Head & Shoulders Patterns Trigger”
$TKOBearish
TKO head and shoulders pattern triggered; confirmed downward move targets $137, with bounce to $166 neckline retest offering short entry.
Now, look over here on TKO. This is the uh ticker that covers WWE. I know we all probably seen that at one point or another, but guys, here at the top of the chart, we have a massive head and shoulders pattern that has most recently triggered.
Last week, we had a weekly candle close. looking like this week is going to confirm that move down on the charts with a targeted measured move down here at $137. Now, we could see bounces along the way.
I see this shelf right here at $166. That could give a retest of that neckline. That would be the appropriate place to get in. Wait for price to get back up and then fade that play.
And if price gets above the neckline, simply stop out. That way you manage risk very, very nicely.