There is a demand zone shaded in blue that is acting as the last support. I'm expecting this to break, and break well with volume. A sloping neckline always performs better!
Volume is also decreasing on the right shoulder. All signs of a downward breakout.
Target is the green line, stops above red line once the neckline breaks.
Please give this trade idea a THUMBS UP and I will keep you updated!
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Trade active
Here we go. Orders filling
Comment
Lower low.
Trade active
Adding more to short position on a break of the bear flag pole:
Trade active
Didn't get the bear flag break. Manage risk as we are seeing a pull back now which hurts the H&S performance to target.
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.