Looking for buying opportunities
1. at the right shoulder and/or 61.8% fib retracement , invalidation level comes in below the Head of the head and shoulder pattern
2. a buy stop if neckline is broken (green circle), invalidation level will then be at the right shoulder
The 61.8% fib level entry will also be equal legs for the abc correction
Target will be at the 200% Fib Level (equal legs from the head to neckline)
Great risk reward ratio trade
Will update as this trade develops
1. at the right shoulder and/or 61.8% fib retracement , invalidation level comes in below the Head of the head and shoulder pattern
2. a buy stop if neckline is broken (green circle), invalidation level will then be at the right shoulder
The 61.8% fib level entry will also be equal legs for the abc correction
Target will be at the 200% Fib Level (equal legs from the head to neckline)
Great risk reward ratio trade
Will update as this trade develops
Note
Still no broken neckline, we could get our entry at the 61.8% fib level
Trade Smart. Manage Risk. Master Patterns – Your Trade Buddy
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Trade Smart. Manage Risk. Master Patterns – Your Trade Buddy
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.