guys, had many requests on posting some classic charts patterns. i don't personally trade them but i do frequesntly analyze the market using them. Here's the conventional method of trading. stops should go below the right shoulder. targets should be at the projected one to one measured move of the head. May enter at market or wait for a deeper retracement for better price. have a nice day.
Comment:
cut my risk by half moving the stop higher. just under the most recent relative low.
Trade closed: target reached:
targets hit on this one:)