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Running Flat Formation

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Here we have a Running Flat Formation. At point C it looks to me that price has broken the small upward trend it was in and has imprinted a H&S formation and broken to the downside. I'm waiting for a retest on the previous new structure low (NSL) before taking an entry.
Dagangan aktif
Price shot up to the Left Shoulder of the Head & Shoulders formation but didn't close above it so I didn't take this as a violation of the H&S characteristics and still kept my bias. Right now I'm in my position watching price.
Dagangan ditutup: hentian tercapai
Price reversed and hit my position out at breakeven. Now its time to go back to the drawing board

Penafian

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