If the larger SHS emerges then a short with very tight SL (just above the top-trendline down). Target could be fib 55 / or buttom trendline.
Maybe this could be Wave 1 and Wave 2 as well... then hitting buttom trendline could indicate long wave 3 take it to fib 161
Maybe this could be Wave 1 and Wave 2 as well... then hitting buttom trendline could indicate long wave 3 take it to fib 161
Trade ativo:
It turned just under expected, but matching a significent low from june 2010.
Next critical point - crosing the neckline to complete the SHS
Next critical point - crosing the neckline to complete the SHS
Comentário:
Finally the orange Head & Shoulder have been compleated... lets fall some more, then back up to confirm neckline and then down.
Comentário:
Awaiting a test of the neckline to confirm Head & Shoulder pattern and I will add to my position - could be 1.166 to 1.72
Comentário:
Added to my short
Comentário:
SL moves closer to neckline during today
Trade ativo:
Adding to my short 1,164
Trade ativo:
Adding to my short at 1,172 ish
The 1,164 part of the position hit it's SL sometime ago
The 1,164 part of the position hit it's SL sometime ago
Trade ativo:
1,172 ish was not the best idea and fairly quickly hit it's SL
I'm on it again though with a new short at 1,1845 and of cause with SL set
I'm on it again though with a new short at 1,1845 and of cause with SL set
Comentário:
Need to see the turn down very soon or the overall trade will hit is's SL
Trade ativo:
Added to my short 1,185 tight SL as always
Trade fechado: stop atingido
Comentário:
Mostly profit, but not fully as planned... maybe it's an IHS now...