Possible Downtrend Continuity with Head & Shoulders

13 เม.ย. 2021

A head and shoulders pattern is assumed to be formed and hence, continuity of short positions might be a possibility. Wait for correction and retest under the neckline. Profits must be divided as TP 1 and TP 2. Happy Trading, follow me for more chart patterns.
Peace.

14 เม.ย. 2021

บันทึก

Ok, so guys, as we thought of the H&S, it just didn't happen. The reason for such a fakeout was the vaccination related news of Johnson & Jhonsons, where it was said that some sort of reduction in vaccination program was to be initiated or stopped, so the market did react to it. Well, we are safe as the H&S did not form totally, so now our next shorting entry will be 1745, if it doesn't happen, then we will wait for 1756.
P.S. Please trade after all of your signals are clear and happen to be the way that you assumed, and always follow trend analysis by going thoroughly and testing every timeframe, then place a trade. It is my theory, if you do the right entry taking analysis on every time frame then, you might have nearly 83% chance of your trade being profitable.

Peace.