Potential 200 pips on sell
OK - I hate busy charts, because they always seem to create what isn't there....or are looking for tooooo much confirmation, or have way too many options... I prefer charts that are clean, and clear and just work with price and the pattern without over-establishment...I am still learning. Hopefully I will become head of clean charts one day.
In any case here is my dirty chart. I am not trading this, just educating myself.
There is a large H&S and a small H&S.
Downward:-
Look for price hitting the first TP support line,
then completing the small H&S,
then breaking the upward trendline
If the small H&S completes, then we'll be into the large one.
Upward:
If price doesn't complete any of the H&S or break below the purple trendline,
then wait for the break above the ascending triangle in an upward move
There are 3 take profit areas based on Support lines
OK - I hate busy charts, because they always seem to create what isn't there....or are looking for tooooo much confirmation, or have way too many options... I prefer charts that are clean, and clear and just work with price and the pattern without over-establishment...I am still learning. Hopefully I will become head of clean charts one day.
In any case here is my dirty chart. I am not trading this, just educating myself.
There is a large H&S and a small H&S.
Downward:-
Look for price hitting the first TP support line,
then completing the small H&S,
then breaking the upward trendline
If the small H&S completes, then we'll be into the large one.
Upward:
If price doesn't complete any of the H&S or break below the purple trendline,
then wait for the break above the ascending triangle in an upward move
There are 3 take profit areas based on Support lines
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.