LEADMINI1! trade ideas
Lead - Inverse H&S - Big tradeLooks like an inverse H&S with $2400 neckline to complete. This has been tested a couple of times so far and failed but looks once again to be pushing up towards the level this morning.
If we get a breakout and confirmation above the neckline then expect a move up to at least the prior high at $2500, whilst the extension of the neckline actually completes close to $2800.
Intraday strategy for leadIf price opens around 130 levels it should respect 14th May Trend and one can long around 130.2 for target 131.3...sl 129.5...if price already reached 132 in mrng it's a good zone to sell as it completes last night's uptrend and good to short at 132...ultimate target 128.4...if price starts at 131.2 wait to see if price it is a good to short zone as well...
Entries would be from
Long 130.2 tgt 131.2
Short 132 tgt 130.2 , 128.4
Short 131.2 tgt 130.2 , 128.4
Short 129.4 tgt 128.4
