Thanks for sharing i have the same idea but i prefer the long side.
PowerOfCapital
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Not a good timing to short in my view. Sometimes H & S pattern does not mean anything. It gives you a trap.
fruitman82
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@watsonzou26, Actually, H&S patterns are one of the most reliable chart patterns. This is a good trade with nice RR
Alexander_Nikitin
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@fruitman82, yep, it is. But are you sure it is a head and Shoulders on the chart? What if it is an H&S only from ProJack's point of view and nobody else sees the H&S here?
@fruitman82, Soaring 1.36% is making shorter start to be panic. If someone really want to short, start to load some shorts, that will be much peaceful in my view.
fruitman82
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@watsonzou26, as long as right shoulder is not breached idea is still valid. Let's see how it progresses.