Multi-touch Ih&s Reversal On NAS100 4HR
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The nas100 has just broken the neckline on an inverted head and shoulders pattern.
After MULTIPLE attempts at the neckline, it seems to have finally broken through, and confirmed with multiple closes beyond our neckline.
Our textbooks say the pattern should give us an 805$ move * 0.71% chance of reaching target, meaning ...
TP: ~12125$
SL: ~11220$
Which puts our R/R around 1.76
Happy Trading.
Accuracy percentages for patterns aquired here: thepatternsite.com/hsb.html
After MULTIPLE attempts at the neckline, it seems to have finally broken through, and confirmed with multiple closes beyond our neckline.
Our textbooks say the pattern should give us an 805$ move * 0.71% chance of reaching target, meaning ...
TP: ~12125$
SL: ~11220$
Which puts our R/R around 1.76
Happy Trading.
Accuracy percentages for patterns aquired here: thepatternsite.com/hsb.html
Note
Playing out nicely and nearing our TP.Remember to book profits, and move SL to breakeven when your trading plan allows it.
Trade fermée: cible de profit atteinte
Target reached!
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