some very nice points which could convinced me to get it as short:
1. GREEN LINE AND H&S PATTERN:
a perfect weekly trend line that the chart kissed it exactly at the top point of the head.
2. BROKEN RED LINE AS UPTREND:
the chart could cross the uptrend. test it in its retracement, and started to go down.
3. HEAD AND SHOULDER PATTERN AS THE MOST IMPORTANT:
the price could make the important pattern ever, H&S pattern. the price recently crossed the neck line( blue line). as we said this blue line is a very strong resistance which is overlapped with the neckline. THIS OVERLAPPED, IS THE ONE IM ALWAYS LOOKING FOR.
if gather these together, we should expect to see a nice move to down.
the price has the potential to reach the same distance as top of the head to the neck line
get the confirmation from H4 timeframe.
as always, this is just an idea.
1. GREEN LINE AND H&S PATTERN:
a perfect weekly trend line that the chart kissed it exactly at the top point of the head.
2. BROKEN RED LINE AS UPTREND:
the chart could cross the uptrend. test it in its retracement, and started to go down.
3. HEAD AND SHOULDER PATTERN AS THE MOST IMPORTANT:
the price could make the important pattern ever, H&S pattern. the price recently crossed the neck line( blue line). as we said this blue line is a very strong resistance which is overlapped with the neckline. THIS OVERLAPPED, IS THE ONE IM ALWAYS LOOKING FOR.
if gather these together, we should expect to see a nice move to down.
the price has the potential to reach the same distance as top of the head to the neck line
get the confirmation from H4 timeframe.
as always, this is just an idea.
Note
my bad, the investment strategy should have been set on short, but mistakenly it is on long. THIS IS A SHORT IDEA.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.