We have a great Inverted Head And Shoulders pattern showing on the HSI-Index.
These patterns have a fairly high accuracy rate, and are one of my favorites.
We measure the height of the pattern and multiply by chances of success for target range,
1726*0.71 (71% chance) = 1225.81 from breakpoint.
Entry: wait one full bar minimum as this pattern confirmed at the very end of the trading session last week.
TP: ~26060
SL: ~24092
R/R: Around 1.5-1.7 depending on entry
Pattern info: thepatternsite.com/hsb.html
These patterns have a fairly high accuracy rate, and are one of my favorites.
We measure the height of the pattern and multiply by chances of success for target range,
1726*0.71 (71% chance) = 1225.81 from breakpoint.
Entry: wait one full bar minimum as this pattern confirmed at the very end of the trading session last week.
TP: ~26060
SL: ~24092
R/R: Around 1.5-1.7 depending on entry
Pattern info: thepatternsite.com/hsb.html
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