DAILY/4HR Inverse Head and Shoulders Top formed.
(Head and shoulders top after a
bearish move, signalling continuation.)
Right shoulder formed, and crossed neckline,
meaning we missed the breakout entry, however,
since I have a strong enough CTS score I am looking
for a pullback final chance entry.
CTS Scored as follows -
Neckline Break - 1 Point
Left...
BUY SIGNAL.
Head and Shoulders Formed on 1D after Bearish move,
signalling reversal if pattern completes.
Right Shoulder forming, CTS Score of 5 as follows:
RSI Divergence on 4HR - 1 CTS
Left Shoulder at Major Structure. (3+Tests on DAILY TF) - 2 CTS
Right Shoulder at Minor Structure. (3+Tests on 1HR TF) - 1 CTS
Strong Pivot point of 0.55000 present at head...
Bearish Head and Shoulders Top pattern Completed on 4HR time frame at the end of an upwards move, signalling a reversal.
The Negative Neckline was then Broken @1.24540.
Pullback formed towards the neckline, this is a .618 retracement of Swing High to Swing Low of Neckline Breaking move, the golden mean.
Equal Measured Move is Lining up with 1.68 Extension of...
