Potential 200 pips on sell
OK - I hate busy charts, because they always seem to create what isn't there....or are looking for tooooo much confirmation, or have way too many options... I prefer charts that are clean, and clear and just work with price and the pattern without over-establishment...I am still learning. Hopefully I will become head of clean charts one day.
In any case here is my dirty chart. I am not trading this, just educating myself.
There is a large H&S and a small H&S.
Downward:-
Look for price hitting the first TP support line,
then completing the small H&S,
then breaking the upward trendline
If the small H&S completes, then we'll be into the large one.
Upward:
If price doesn't complete any of the H&S or break below the purple trendline,
then wait for the break above the ascending triangle in an upward move
There are 3 take profit areas based on Support lines
OK - I hate busy charts, because they always seem to create what isn't there....or are looking for tooooo much confirmation, or have way too many options... I prefer charts that are clean, and clear and just work with price and the pattern without over-establishment...I am still learning. Hopefully I will become head of clean charts one day.
In any case here is my dirty chart. I am not trading this, just educating myself.
There is a large H&S and a small H&S.
Downward:-
Look for price hitting the first TP support line,
then completing the small H&S,
then breaking the upward trendline
If the small H&S completes, then we'll be into the large one.
Upward:
If price doesn't complete any of the H&S or break below the purple trendline,
then wait for the break above the ascending triangle in an upward move
There are 3 take profit areas based on Support lines
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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.
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.