We have a trade in affect

We have a head and shoulders pattern that's being visible, price action started to run for the neck line! Price action has found resistance at a pivot point in the form of a double top formation. This is very strong signal to sell! I have extended the neckline, as soon as price action breaks in, sell sell sell! The strong resistance area coincides with other strong signals, this is why price will fall! We have 2 points of breaks, one the trendline and one the neckline, both almost at the same location, lets wait for the break and move in!!!!

Komentar:

Closed trade with a loss !!! Did not utilize the daily chart, daily chart is in continuation pattern so all lower time frame chart gets knocked out! Very important to always analyze the daily chart! Mistake recognized!