I don't want to see everyones hard-earned gains disappear so I'm just pointing this out so you can keep an eye on it. If we keep heading up then it won't develop, and even if it does its signall may not come to fruition. I will monitor closely over the next couple hours, but set a stop loss to be safe
Comment:
Set your stop loss around 500, or 450 if you don't want to get bear-trapped out.
Comment:
I actually don't think we need to worry about this unless it completes the pattern in the next 30 minutes or so. We should be looking at new highs if we make it through.
Trade active:
Comment:
(Above is the "alternative to H&S" idea)
If we don't break upward by the time it hits the ichimoku then we could have a sustained retrace/reversal. Set SL between 440-470 based on how risky you want to play it
If we don't break upward by the time it hits the ichimoku then we could have a sustained retrace/reversal. Set SL between 440-470 based on how risky you want to play it
Trade closed manually:
Get out.
