The recent rise over the past few days suggests that the long term H&S isn't complete. A confluence of indicators suggest that the return move (retest of the neckline) could reach ~12K on September 23rd. Volume should remain low until the last touch of the neckline.
See the linked charts for an explanation of this double shouldered H&S pattern.
Long Entry: 10156
Stop Loss: 9729
Target: 11979
R:R: 3.8
Short Entry:11979
Stop Loss: 12365
Target: 4121
R:R: 17.9
See the linked charts for an explanation of this double shouldered H&S pattern.
Long Entry: 10156
Stop Loss: 9729
Target: 11979
R:R: 3.8
Short Entry:11979
Stop Loss: 12365
Target: 4121
R:R: 17.9
Note
Long Entry lowered:Entry: 10007
Stop: 9779
Target: 11879
R:R: 6.3
Trade active
Short position open:Entry: 10550
Stop: 10704
Target: 10007
R:R: 3.46
Note
Short position target change:Short Entry: 10550
Stop loss:10704
Target: ---9956---
Long Entry Lowered:
Long Entry: ---9856---
Stop Loss: ---9856---
Target: 11978
Note
Trade closed: stop reached
Short stop hit, I think this was just another stop loss hunt and we will see a correction soon.New short position opened:
Entry: 10711
Stop: 10766
Target: 9956
R:R: 11.5
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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.