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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.