PA displaying topping patterns and an extended 7 cycle. The average trend as defined by the 50 SMA is 5 cycles, cycles do not always mean higher prices. H&S ( and in red a new topping pattern. well new to me. they call it a Kings Crown in red on the 60 chart. lets see if it forms ) look to short this off a cycle 7 and KD mini divergence. on the 60 chart if it too develops. The more of theseeindications at confluence gives us a higher probability trade. Target is a advanced fib projection and abcd type pattern. although we do have TP projections. the key to successful trades
is developing money and trade management rules. you can have a successful trade even if you do not reach your targeted TP projections.
is developing money and trade management rules. you can have a successful trade even if you do not reach your targeted TP projections.
Trade closed: target reached