Inverted H&S and a possible range breakout

6 ก.ค. 2021

given breakout of inverted head & shoulder and did pullback now need to sustain breakout.

for swing and positional can buy above 460 if 15 minute candle closes . safe player can buy above 478 (next swing high).
stoploss - below 430 for swing and 400 for positional.

target - measured target is 560 but trendline can also works as resistance further targets are - 625, 675

for swing always book partially after good move and trail.

For Intraday

buy above 478 which is bull level.
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.


NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.