Here we have a Running Flat Formation. At point C it looks to me that price has broken the small upward trend it was in and has imprinted a H&S formation and broken to the downside. I'm waiting for a retest on the previous new structure low (NSL) before taking an entry.
Trade active
Price shot up to the Left Shoulder of the Head & Shoulders formation but didn't close above it so I didn't take this as a violation of the H&S characteristics and still kept my bias. Right now I'm in my position watching price. Trade closed: stop reached
Price reversed and hit my position out at breakeven. Now its time to go back to the drawing board 
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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.