Contrary to popular belief H&S patterns are continuations patterns, not reversals.
The only time H&S are reversal patterns is when they form at tops as we see here
in the DPZ chart.
While it is not a trade to be taken tomorrow and get paid the day after this huge
H&S pattern suggests a top is in and a reversal is likely at some point in the future.
From a risk-reward standpoint, A break would trigger a short.
The only time H&S are reversal patterns is when they form at tops as we see here
in the DPZ chart.
While it is not a trade to be taken tomorrow and get paid the day after this huge
H&S pattern suggests a top is in and a reversal is likely at some point in the future.
From a risk-reward standpoint, A break would trigger a short.
Kommentera:
As is often the case "As Expected". DPZ has collapsed by almost 9% today.
Kommentera:
DPZ has now lost 17% of its total value since I posted this chart back on Feb 15th.
What I do works in practice, not in theory.
What I do works in practice, not in theory.
Kommentera:
Looking for lower lows
Kommentera:
Bull trap and KABOOM!!
Real Macro Economic Investing
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