Potential Double Top At Stiff Resistance
84.00/85.00 has been rejected 7 times in the last 18 months, albeit a couple of times with false breakouts, so I'm looking to take the trade if we get a double top with divergence. And, I do see the possibility of a right shoulder forming. *Not very symmetrical*
I'm not a big advocate of head & shoulders they seem to appear like UFO's. So, I have very rigid rules for trading them.
Should this trade go as planned it will be worth watching for longer term profits and additional shorts on the break/retest
of the neckline. First things first ! A good short entry with divergence ~
I'm not a big advocate of head & shoulders they seem to appear like UFO's. So, I have very rigid rules for trading them.
Should this trade go as planned it will be worth watching for longer term profits and additional shorts on the break/retest
of the neckline. First things first ! A good short entry with divergence ~