Short setup depending on your appetite for risk you can
either set alerts and wait for the break of the neckline with
a back test and a candle close outside of the neckline before going then short.
A stop placed at the previous swing high.
Alternatively look for shorts at the resistance at the top of the right shoulder.
Again depends on your appetite for risk
We have a measured move taken from the peak of the Head to the Neckline
which aligns with volume profile with additional confluence
at the .618 fib pull and the .25 fib fan .
Set alerts and wait for the trade to come to you always know your invalidation
either set alerts and wait for the break of the neckline with
a back test and a candle close outside of the neckline before going then short.
A stop placed at the previous swing high.
Alternatively look for shorts at the resistance at the top of the right shoulder.
Again depends on your appetite for risk
We have a measured move taken from the peak of the Head to the Neckline
which aligns with volume profile with additional confluence
at the .618 fib pull and the .25 fib fan .
Set alerts and wait for the trade to come to you always know your invalidation
Order cancelled
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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.
Related publications
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.