The decrease is vols makes me thing this is a head of HS forming..!
Disclaimaer.... Only a startegy check, not a trading /investing advice
Disclaimaer.... Only a startegy check, not a trading /investing advice
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excuse the right shoulder which h wrongly gone higher up, but what makes me more convinced is this set up of a bearish bat and HS forming in the PRZ..
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so far so good...
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right shoulder skeleton
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alternative Rshoulder skeleton...
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the dotted green like is a very imp level i the bearish bat PRZ, that can also stop the ascent of the right shoulder
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wow just what i updated a minute ago..
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sharp rejection from the neckline!...
Doubts remains.....
Doubts remains.....
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make or break time..
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demand dominance thoughout the rt shoulder
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market maintain typical equilibrium thoughout the HS... this is it.. decision point... the SL or TP trigger...
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approach of the final neck...
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headlock
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markets still at equilibrium, man this is a weak HS!
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now bullish take over is happening, further weakening the HS, have reduced short position acquired at the top of rt shoulder...
s3.amazonaws.com/tra...shots/y/yhSK9V2u.png
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bullish truncated butterfly and symm tri at the rt shoulder...
its desroying the HS mojo
its desroying the HS mojo
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and it happens....