This is the situation on the cotton futures chart — as many as four shoulders and one head. According to classical teaching, in order to determine the target at the breakout of the neck, it is necessary to postpone the distance from the top of the head to the breakdown point — approximate target is shown on the graph:
But it is confusing to have only one head compared to four shoulders. — as they say, one head is good, but four would be better. It's a sign. Judging by this sign from above, it is unlikely that anything worthwhile will come of this venture — one head on four shoulders never brought anything good. That's why, I really see something like this ugly development:
