After this failure to reach the U-MLH, price broke below the centerline.
There we have a full Bar with an open and close below.
This indicates the potential trend change to the south.
This short-term time-frame shows a potential H&S pattern.
I'm starting to build my short position based on the intraday price-action.
If we break through the yellow Speed-Forks L-MLH, I will load my boat fully.
Target is as usual, the Lower-Medianline-Parallel.
👉 If you found this analysis helpful, I would greatly appreciate a boost and a follow here and on my Social & Website links. Thank you for your support.
There we have a full Bar with an open and close below.
This indicates the potential trend change to the south.
This short-term time-frame shows a potential H&S pattern.
I'm starting to build my short position based on the intraday price-action.
If we break through the yellow Speed-Forks L-MLH, I will load my boat fully.
Target is as usual, the Lower-Medianline-Parallel.
👉 If you found this analysis helpful, I would greatly appreciate a boost and a follow here and on my Social & Website links. Thank you for your support.
Note
Sellers hold the gate:Trade closed: target reached
Even if price is not already at the L-MLH, my Bear-Put-Spreads exploaded on the flush today and I close another nice winner.
Remove subjective trading:
👉 Andrews Pitchforks applied by fixed rules
👉 Weekly structure maps for Indices, Futures, Energy and Crypto, plus the method behind them.
→ alphametrics.substack.com/?utm_source=tradingview
👉 Andrews Pitchforks applied by fixed rules
👉 Weekly structure maps for Indices, Futures, Energy and Crypto, plus the method behind them.
→ alphametrics.substack.com/?utm_source=tradingview
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Remove subjective trading:
👉 Andrews Pitchforks applied by fixed rules
👉 Weekly structure maps for Indices, Futures, Energy and Crypto, plus the method behind them.
→ alphametrics.substack.com/?utm_source=tradingview
👉 Andrews Pitchforks applied by fixed rules
👉 Weekly structure maps for Indices, Futures, Energy and Crypto, plus the method behind them.
→ alphametrics.substack.com/?utm_source=tradingview
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.