Re evaluation of case study 11 where are we

Question was asked is this just another fake.

Well it's not a fake but just a normal movement
I quez being over focused on pendands and what not I missed the most basics of rules

Are we trending or ranging

WELL PEOPLE WE ARE RANGING
what does this mean all T. A Conserning adx is out of the window
We need to look at the rsi only or stochastic
Because we are in a box range

If we look at all areas where a drop was confirmed we see the Rsi is over bought confirming the resistance level.

What makes a box range valid

You need atleast 3 highs and 3 lows at the approximate same level for it to be valid
And we are seeing this here

So the changes of a pullback is high at this level

We already seeing that the break out on the head and shoulders pattern was not that strong and we have a pullback under the neckline not a bounce up to higher levels.

So if you have a buy trade in I would say be café full
Or close and take profit.

If I'm wrong and we see further break out we can always re enter

SO KEEP SAVE GUYS TRADE SAVE