📘 Description:
Price is currently sitting between two potential outcomes:
This zone is where the market will likely reveal its hand. Sharing both perspectives to help others recognize the setups and manage risk accordingly.
📉 Short Trade Setup (Double Top):
📈 Counter Trade (HSB Long Idea):
Summary:
Double Top and HSB setups are fighting it out. This zone (153–157) is where the market makes its choice. React, don’t predict. 📊
Price is currently sitting between two potential outcomes:
- A Double Top forming below the 156.91 resistance zone, which could trigger a bearish move toward 121.39 if confirmed by a breakdown through 143.00.
- A possible Inverse Head & Shoulders pattern building at the same level, suggesting bullish continuation if price can break and hold above 156.91, with a target near 161.29.
This zone is where the market will likely reveal its hand. Sharing both perspectives to help others recognize the setups and manage risk accordingly.
📉 Short Trade Setup (Double Top):
- Entry: Below confirm
- Stop Loss: 🔴 156.91
- Target: 🟢 121.39
📈 Counter Trade (HSB Long Idea):
- Pattern: Inverse Head & Shoulders
- Entry: On breakout
- Stop Loss: 🔴 143.00
- Target: 🟢 161.29
- Watch for volume confirmation!
Summary:
Double Top and HSB setups are fighting it out. This zone (153–157) is where the market makes its choice. React, don’t predict. 📊
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.