It seems like the big h&s pattern is failing to continue and yet we broke a big trendline to the downside.
At the moment we are in a small down channel + a small bullish h&s pattern formed.
But it is also seems like the small h&s pattern is failing - will be confirmed when the tiny support will break ( marked on chart and easier to watch in 4H time frame) .
So the plan is :
enter a sell position using the 4h time frame down to the big support level and from there waiting to a bullish reversal pattern and enter buy position - unless a significant break down happens and then stay in short till 2.0 area
*please notice that both postions provide small risk and high gain.
everything is marked on the chart..
Best of luck :-)
At the moment we are in a small down channel + a small bullish h&s pattern formed.
But it is also seems like the small h&s pattern is failing - will be confirmed when the tiny support will break ( marked on chart and easier to watch in 4H time frame) .
So the plan is :
enter a sell position using the 4h time frame down to the big support level and from there waiting to a bullish reversal pattern and enter buy position - unless a significant break down happens and then stay in short till 2.0 area
*please notice that both postions provide small risk and high gain.
everything is marked on the chart..
Best of luck :-)
הערה
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.