WIF is building a "Cup And Handle" pattern alongside a (hopefully) last trendline, Trendline 1.
That breakout would lead back to the main keylevel, which is also the neckline of a H&S formation on a higher timeframe. To make it even more funny, that H&S is "the handle" of a even bigger cup n handle pattern on the next HTF.
So the break of trendline 1 might bring us to the keylevel, and that might start the H&S being "priced".
That breakout would lead back to the main keylevel, which is also the neckline of a H&S formation on a higher timeframe. To make it even more funny, that H&S is "the handle" of a even bigger cup n handle pattern on the next HTF.
So the break of trendline 1 might bring us to the keylevel, and that might start the H&S being "priced".
Trade active
Yea i stepped in again after the trendbreak at 1.0420Order cancelled
canceled it already, but forgot to cancel it here, sry
Sugartongue, and my hunger is still young. But I'll chase lights until the morning comes. And the world is flashing at the window.
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Sugartongue, and my hunger is still young. But I'll chase lights until the morning comes. And the world is flashing at the window.
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.