what about the head and shoulder formation... will def break out, Down to 1.11881... Short is probable
stocktrader15
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I don't trade head and shoulders. They are too subjective and fail all the time for this reason. I got in looking for a tend continuation out of the wedge for a final 5th wave push up to the 2.0 ext of the first wave. No direction in the market is definite. The fact that so many are sure of this drop makes me like my long even more..
samsmun
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okay , i do respect your analysis
stocktrader15
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Sure.. It's not that I think I am right and you are wrong on this particular set up. I just have a system that I am sticking with and it treats me well.
samsmun
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well, i ddnt want to sound rude, and that's very important to stick to plan whatever the case , my perspective was only different in this particular chart. But again , i do learn when am wrong and happy when it works out