SQ Textbook Inverse Head and Shoulders

2023年6月3日

SQ has formed a perfect textbook HnS pattern. Additional points:

• The pattern is relatively large
  
• After breakout, price went to retest the neckline and got rejected with a pinbar pattern on the daily and 2H timeframe.
  
• Price broke out of the 50 and 20 EMA
  

Green lines represent TP targets and red lines SL.

2023年7月3日

手動結束交易

A while ago I actually closed this trade for breakeven (small profit) as I was a little afraid and wanted to de-risk before CPI and trailed my stops. That might have been a mistake on my end. However, price is now looking like a triple top/HnS, I would look to close the position for small profit upon rejection of this resistance.

2023年7月6日

註釋

WOW! price did not reject and continued to push higher towards the original target. Swim in profits. The idea was a success and I will not update this idea anymore.