This chart is to inform of the set-up H & S .. price can blow thru the top and invalidate this... price can turn down at any time now as the height of the H & S is in place. Validation is when price breaks the neckline down below. Tricky part is.. is when to enter.. as price is in an uptrend and we have no clue when that will stop. Likewise price can turn down at anytime. Keep your longs going and short when you think it's time.
Kommentera:
I changed the yellow timelines (in the above chart) to pink .. here's a picture of what I posted in the chat .. 1 hour TF .. I'll update with the final picture to see what happened... we will see.
Kommentera:
The timeline was reached and had a start of the downtrend.
Kommentera:
Price reached the next yellow time line and confirmation was clearly in the upswing now