CME - Sloping Down HEAD & SHOULDERS Continuation + RECTANGLE
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Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
This is an interesting scenario. We have a massive 2
years Sloping Down H&S Continuation on the weekly
chart at the top of a 7 years uptrend and at the all
time highs (violet dotted line) too.
On the daily chart, the 3 months rectangle is forming
around the H&S previous levels helping us solving the
problem to deal with them if a clear upside breakout
will occur.
Trading Plan Tactics and Money Management rules.
🔎🔎🔎 ALWAYS REMEBER
"A pattern is NOT a Pattern until the breakout is
completed. Before that moment it is just a bunch of
colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal
opinion and it is posted purely for educational
purpose and therefore it must not be taken as a
direct or indirect investing recommendations or
advices. Any action taken upon these information
is at your own risk.
════════════════════════════════
Since 2014, my markets approach is to spot trading
opportunities based solely on the development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
═════════════════════════════════
Hello Traders ✌
This is an interesting scenario. We have a massive 2
years Sloping Down H&S Continuation on the weekly
chart at the top of a 7 years uptrend and at the all
time highs (violet dotted line) too.
On the daily chart, the 3 months rectangle is forming
around the H&S previous levels helping us solving the
problem to deal with them if a clear upside breakout
will occur.
- Pattern Class: 🌕🌕🌕🌕🌕
- Target area: 246.00 then 296.00
- Breakout area above: 237.00
Trading Plan Tactics and Money Management rules.
🔎🔎🔎 ALWAYS REMEBER
"A pattern is NOT a Pattern until the breakout is
completed. Before that moment it is just a bunch of
colorful candlesticks on a chart of your watchlist"
═════════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal
opinion and it is posted purely for educational
purpose and therefore it must not be taken as a
direct or indirect investing recommendations or
advices. Any action taken upon these information
is at your own risk.
════════════════════════════════