MOAHAS - Mother of All Head & Shoulders
This idea is a continuation of this previous structure that has continued to form.
The follow through on that idea could be considered a fluke except it rejected the 1.618 to the pin.
I don't make the 1.618 rules. I just draw the lines.
The shoulder isn't formed completely.
A good chance DXY gets a second wind in the next month or two if CPI heats up again.
I make myself repeat the following rules before trading H&S
1) Set an alert reminder on neckline.
2) Anticipate a retest of neckline
3) Enter with stops based on RR.
The follow through on that idea could be considered a fluke except it rejected the 1.618 to the pin.
I don't make the 1.618 rules. I just draw the lines.
The shoulder isn't formed completely.
A good chance DXY gets a second wind in the next month or two if CPI heats up again.
I make myself repeat the following rules before trading H&S
1) Set an alert reminder on neckline.
2) Anticipate a retest of neckline
3) Enter with stops based on RR.
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