I wouldn't - even though it is coming into the TL from a LH, so could easily break for all I know... but I threw in a couple more things... : image Personally, I am actually looking for it to breach that Nov' low (into the rectangle) - eventually, ...

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image

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Now a potential DB in the making.. current 2850 pivotal zone here - directional short-term move pending either way, either upon success or failure of DB attempt. Odds stacked in favor of the upside scenario, but downside targets likely to be visited ...

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Bounced around the anticipates zones in the morning - couldn't hold, no buy signals, broke down. Continued into anchor target @ ~2850. Now looking for a stronger corrective wave (2nd leg), multiday-wise, before they continue into and beyond ~2750 ...

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Ya, all a matter of perspective.. there's opportunity for everybody at any given time - as long as each one knows exactly what he's doing.

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Intraday, I've got 1st buy signal @ 2862-66, best SL 2949 or lower. Target's 2980-3000 for this bounce - then continuation towards and into ~2750. EDIT typo fixed

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the trend is your friend, until it's about to end.. continuing vs reversing - gotta know the odds at various areas, both ways. when the obvious is everywhere - best stay flat and wait for the opposite - either trade IT (short-term reversal), or at ...

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Longer-term (multiweek terms) I agree. Can't say anything about the multimonth H&S success, but for now I know there's high odds the pattern will complete and probably signal as well. Hence 2750 makes a good target. Whether the signal is fake or ...

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Multiday-wise... needs to revisit 3000+, probably 3050+ before ~2750.

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momentum's down, so just a bit lower is probable - but structure is completing, so I wouldn't be selling this. Odds are, washout followed by a bounce takes it into 3000-3010 at minimum - gets very likely once 2935 clears.

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happening now..

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Yesterday LOD print 2911, marking a potential 3rd intraday wave. Strong odds for a re-test of 2909-18 for DB, or even slightly LL into 2894-2901. Completes intraday 5-wave move, which in turn is a 5th wave of a larger 5-wave visible on the H4 best. ...

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Put a hard SL 5 pips under the current LOD, fast. If it works, great for you... If doesn't, you lose -12 and have fair chance of losing whatever wider stop you'd have... ..for the longer term - stop catching knives and trade in harmony with P/A - is ...

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fwiw... seeing 2909-2918 area at highest, where stronger counter-reactions might happen (LOD for today). Next up 2894-2901, after that dunno intraday, hourly-wise it's the same ~2850.

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Follow-up.. original sell zone provided supply hours later - tough to get a fill if wanted at the zone, though. Anchor (H1) image Trigger (M5) image

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There's the one small edge in itself... Agreed. Throughout April, when looking at hourly, I can see 3 bearish H&S patterns with different scales & sizes - all of them failed.

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Double-test, double rejection of 3020-30 zone.. Intraday, I've got overlapping short signals at 2995-3000 area. Best stop 3012+.

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Heh - yea that's actually a really good example of a failed H&S and illustrates my point rather well. That one's a bearish pattern, at the lows of a very obvious downtrend - due to that alone it has significant odds to fail, rather than work in the ...

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Market's hitting some valid intraday resistance at that prementioned 3020-30 zone... I've got no proper patterns intraday though, would still like to see the "sweet spot" eg the 2nd zone higher getting tested.

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Thanks. To clarify on that H&S + market makers talk - most juice (extended squeezes, relentless trend moves, etc) comes out of prior failed moves, i.e. failures of large, obvious patterns. I believe it's because the large patterns, as they complete ...

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