H&S pattern in the trash. Holding now for a possible Double/Triple top. If breaks $54.15, I'm covering
sonica76
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Bearish H&S in a bearish trend?...............
CoinedByCrypto
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Well if U have a SHS and a neckline...what is then the problem? The Neckline is still to be broken before becoming a tradable shs pattern.
sonica76
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The H&S is a reversal pattern, not a continuation one. Simple
NinjaTraderr
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It's possible. Seen it happen. It's wall street, things don't make sense a lot of times
CoinedByCrypto
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Many are stubborn in pursuit of the path they have chosen, few in pursuit of the goal. The..goal? To trade what U see... and that is not simple...cos we look at charts differently... and a SHS first become so when neckline is broken. If not ...it's just a pattern that looks like a SHS. If it becomes a valid pattern... I trade it with more caution than had it been a topping ...reversal pattern. I simply look for a fail or end of the pattern earlier. So in short.... I'm not dogmatic but trade what I see with the help of a pair of powerful spectacles. It has sometimes been sufficed to cure a person in love in dogmatic thinking. But do what suits U best.
CoinedByCrypto
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But then again. Who is right and who is wrong...does it matter? Thoughts are the shadows of our feelings - always darker, emptier and simpler.
AMBRISH
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MARKET WILL DECIDE WHO IS WRONG ?
CoinedByCrypto
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It's not a matter of been right or wrong...as I state above. But making your entry with lowest risk. That is completely up to you to decide. I'm not trading oil at the moment but did last week.... I use another technique...and it pan out quite well. Safe trading: tradingview.com/v/Bu4u9UJC/
CoinedByCrypto
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Could go both ways right now but I recognize that the neckline exist I'vemade morecomments at this chart tradingview.com/v/5TKQlq7E/