Got my another kicker for the Head & Shoulder pattern. Already have a running trade on this since 2 day but now with his double confirmation had to take one more shot as it came under my rule book of level kicker entries R-R Ratio 1:2.5
With Major Trend downwards D1 is expected to complete the lovely Price Action Formation in this week. So mark out your zones and wait for the Bazooka Entry on H4
Head and Shoulders pattern created in DIA chart on September 17th. Downward baseline/trendline formed between the 17th and the 30th of July. Idea is that the market drop from the Head and Shoulders pattern must break down through this trend line (minimum drop level) before a bottom forms from this play. Short Call.
There will be a possible reverse head and shoulder coming.
On the down trend, there is a nice bullish head and shoulder forming with a possible long entry up to the resistance @ 1D. We see the left shoulder and the head that formed nicely and the right should formation looks like it is supporting at the left should for a possible long entry. I already entered the trade per my strategy which led me to enter a little...
On the day chart we find a possible upcoming head and shoulder pattern, let us see and wait if we make support/resistance and then down.