A short position to be taken and covered according to areas marked based in trend based fib levels
Trade closed: target reached
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short covered
Comment
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Trade reentered after confirming the PRZ... This time in long position...
Trade closed: target reached
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ABC fibonacci retracement change to the new bottom, instead of the ABC of the AB=CD pattern... 0.382 level changed and take profit entry changed ....
Long closed
Trade active
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same chart post head and shoulder.... Trade reopened as i fell the head and shoulder effect has bottomed out...
The long entry has been done 0.886 level keeping a very close stoploss at ab=cd level... lets see hoe it plays out..
Trade active
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should have squared off at 0.618AB!
Trade active
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i guess 0.618 has become a stalemate level.... will square of if good vol breakdown happens below this level..
Trade closed: target reached
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Trade active
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same chart...trade reopened in bracket order
With current entry tp and sl specifications at the back of a bullish AB=CD
Trade closed manually
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bracket order abandoned.. bullishAB=CD pattern failed to establish after abc retracement didnt work in bearish favor...
Trade active
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same chart...
reorganized the AB=CD , bracket order placed again...
Trade active
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Short order executed... Another head and shoulder?
Cover order re adjusted
Trade active
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most probably conviction is right, another head and shoulder in formation, still right shoulder yet to go!
cover order maintained after readjustment from 0.618AB to 0.886AB
Trade active
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stoploss revised to B point of AB=CD More short positions added Volumes degenerating This is a confirmed head and shoulder.. Feeling excited! bit of high risk taken
Comment
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sorry correction, stoploss revised to C point of abcd
Comment
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have been typing wrong with all the excitement..
Sl revised to A point and more shorts added to C point of abcd
Comment
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failed head and shoulder...!
Trade closed: stop reached
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made a basic mistake, didnt catch the divergence well, the moment the divergence happened, the price got caught in a symmetrical triangle , which broke out !
Lesson learnt..
Comment
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here is that symmetrical triangle post divergence..!