We have the following factors:
If all the above are met we have 2 possible entries:
1. If price pullback in between 61.8 and 38.2 Fib levels (orange rectangle with red borderline) + a Good PA confirmation -Pin bar(s) or bearish engulfing candle-. This would be the top right shoulder of the H&S pattern.
2. If price breakout of the H&S Neckline and pullback to the same fib levels as above + Good PA confirmation.
*If the above are not met I wouldn't advice on taking this trade. Considering we are still on a ascending trend until market shows otherwise.
** You may search for additional entries on lower timeframes in case it confirms.
All comments are appreciated.
- Possible H&S pattern at monthly resistance (pink horizontal line)
- Daily Divergence
- Daily uptrend breakout (orange diagonal)
If all the above are met we have 2 possible entries:
1. If price pullback in between 61.8 and 38.2 Fib levels (orange rectangle with red borderline) + a Good PA confirmation -Pin bar(s) or bearish engulfing candle-. This would be the top right shoulder of the H&S pattern.
2. If price breakout of the H&S Neckline and pullback to the same fib levels as above + Good PA confirmation.
*If the above are not met I wouldn't advice on taking this trade. Considering we are still on a ascending trend until market shows otherwise.
** You may search for additional entries on lower timeframes in case it confirms.
All comments are appreciated.
노트
Right shoulder end up being a bit short, but we should have clear re-entries a long the way..or just hold up for the next opportunity on the pullback.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.