Help invert head and shoulders?

Emmanuel · Sep 4, 2014

jack hershey said:
If you wish to trade using the geometry of the markets; you should know that the traditional CW's Head and shoulders is composed of briefer term geometric formations.

I annotated a recently posted chart which does not have your annotations. I used some points that were significant to you as a starting point.

A lot of CW type traders, trade dominant moves after retraces.

A good "hold" for them is the profit segment from the end of the retrace to the inverted head of the formation.

Most traders who can recognize the end of the second dominant of a trend are able to make money trading the next first dominant of a new trend after a trend has failed within the trend's boundaries (FTT formed at the inverted head).

these traders then hold for the next three legs of the new trend to the end of the new trend. I show these three moves as a red bounded trend whose FTT is at the ellipse 1.

This trend failure begins the overlap of the present hold short from ellipse 1 (the FTT) and onto the three moves of the current trend. View attachment 144089
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Wow, I never noticed that. I need to learn how to trade like that but it might be a bit risky cus this index is a bit volatile

Emmanuel · Sep 4, 2014

AfterLOS said:
Now wait for the daily chart Head & Shoulder to trigger and go SHORT to minm. target 9312

If the monthly H&S triggers (right shoulder being formed now) , move to Morocco or fly to Argentina to catch the H&S target.

View attachment 144105 View attachment 144105
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Sorry but I can not find that on my chart pattern. I think it has formed a double top now or something

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Help invert head and shoulders?

Emmanuel

Emmanuel