Head and Shoulders pattern forming with the Right shoulder yet to be formed 1DTF ..Set alerts at the levels you see for the short , Measuring the head give us the potential targets highlighted .
Confluence in that region with the 200 EMA , 0.618 fib and aligns with Volume profile .
Wait For the candle close just outside of the neckline and SL above the top of the right shoulder .
If you have got this far then please click Like and Follow ... Posting Setups and analysis Daily ...Appreciate your support
Confluence in that region with the 200 EMA , 0.618 fib and aligns with Volume profile .
Wait For the candle close just outside of the neckline and SL above the top of the right shoulder .
If you have got this far then please click Like and Follow ... Posting Setups and analysis Daily ...Appreciate your support
Note
I expected the Backtest and filled more shorts on the rejection ...SL moved down with a TP1 taken .Expecting more downside to the targets shown eventually
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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.
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.