I have been wrong on these diamond reversals before, so I can't stress enough that it isn't a formation until it's formed.
You aren't being slick by buying on what you think is "the low end of the right shoulder" or some stupid shit like that.
Wait. Buy the breakout.
Twit.
***That above chastisement was solely for me**
Ok, so IF this completes it's formation, I am expecting a target of around .33.
As of right now though it's pretty obvious what it wants to do.
It's making a pretty defined head and shoulders.
Keeping an eye on it.
Constructive criticism and critiques always welcome.
I don't know what I'm doing, so not advice.
Happy and prosperous trading.
You aren't being slick by buying on what you think is "the low end of the right shoulder" or some stupid shit like that.
Wait. Buy the breakout.
Twit.
***That above chastisement was solely for me**
Ok, so IF this completes it's formation, I am expecting a target of around .33.
As of right now though it's pretty obvious what it wants to do.
It's making a pretty defined head and shoulders.
Keeping an eye on it.
Constructive criticism and critiques always welcome.
I don't know what I'm doing, so not advice.
Happy and prosperous trading.
Comment:
Looks like Waxp broke out today. Away we go