imdp

E-mini Bearish Head & Shoulder's Top

Short
CME:ES1!   None
0
Should the pattern in this chart trigger (break below 1530 on strong volume) a measured move to 1400 is in the cards with the potential to test the trend line from the 2009 bottom around 1350. Volume signature is a textbook example of what one looks for in a H&S top validation. Not sure what the catalyst will be that has the potential to instigate such a violent move. (I am short IWM via Puts) Not a recommendation, just an observation! Good luck out there!
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.