Waiting for Retest of H&S Neckline

I see a head and shoulders pattern completed.

I see price retracing back to the H&S to re-test the neckline + horizontal zone.

If price reaches the neckline and shows bearish rejection, I will go short.

Note

Price has retraced to the neckline as I predicted.

I am seeing a strong bearish candle in the H1, and a bearish engulfing in the M15. I will wait for a bit more confirmation in these two timeframes before entering a short position.

Let's go!

Trade active

I see a 3 bar reversal pattern inside the re-test zone (neckline + s/r zone), and price is heading down.

I'm going short!

TP targeting previous level and SL slightly above the wick of the 3 bar reversal pattern.

chanmatthewchan

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