Nice potential H&S pattern lining up on 1HR. Need a break and retest of the neckline to confirm.
Would look to short on the neckline break and retest using a fib extension 1.272 target.
Could easily be a 2:1 RR depending on your stop placement.
MACD Divergence
Wave 5 completion (depends how you read the count)
Good RR
Clear H&S Pattern
Would look to short on the neckline break and retest using a fib extension 1.272 target.
Could easily be a 2:1 RR depending on your stop placement.
MACD Divergence
Wave 5 completion (depends how you read the count)
Good RR
Clear H&S Pattern
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