How to confirm an H&S pattern using Stochastic:
1- looking for an H&S pattern on chart
2- stochastic "d line" must follow the same 1-2-3 structure.
Point 2 have to be higher than the other 2
How I trade it:
- SL some pips under head
- Risk/Reward of 3
- Enter one candle after right shoulder confirmation
1- looking for an H&S pattern on chart
2- stochastic "d line" must follow the same 1-2-3 structure.
Point 2 have to be higher than the other 2
How I trade it:
- SL some pips under head
- Risk/Reward of 3
- Enter one candle after right shoulder confirmation
Note
Not valid H&S pattern
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.