Harmonic Inverted Head & Shoulder
Hi there. This is what I have found for Futures Crude Palm Oil (FCPO)
The price is currently moving upwards inside the expanding diagonal pattern.
And guess what i have found... the rarest harmonic hns pattern.
Basic rules for head and shoulder gives the sign of continuation. But as far as we can see for this kind(harmonic hns), gives us the probability of continuation at the reversal price above before gives us the probability of bearish sign after(You may wanna look at the chart above...)
Well as usual, this is a study of probability. Please take a good care of your trading plan before making any decision.
Trade at your own risk. All the best traders !
The price is currently moving upwards inside the expanding diagonal pattern.
And guess what i have found... the rarest harmonic hns pattern.
Basic rules for head and shoulder gives the sign of continuation. But as far as we can see for this kind(harmonic hns), gives us the probability of continuation at the reversal price above before gives us the probability of bearish sign after(You may wanna look at the chart above...)
Well as usual, this is a study of probability. Please take a good care of your trading plan before making any decision.
Trade at your own risk. All the best traders !
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