US30_High Probability Continuation Shorts
Based on the DTF Structure, and the Identification of a DTF H&S, there is a High Probability of the Continuation Shorts in the Long-Term.
With the WTF Ranged in nature, and the CHOCH and 2 Candlestick Pullback, for the DTF H&S Candlestick Pattern to complete, PA would need to retest the DTF Swing Range Low and retest current Support as Resistance. Please note that with every CHOCH, a Pullback is almost always on the cards. This is evident in every Timeframe.
The DTF and H4 being Bearish in structure, and of a 15m H&S (H4_CHOCH) in all likelihood, PA will continue creating LL/LH's
Alternatively, in the event the H4 changes back to Bullish Structure, by breaking the last H4 LH (H4_CHOCH), it could push for another LH on the DTF and continue to the downside, if not, break DTF_CHOCH, Pullback to create an HL and continue to continue to the upside
With the WTF Ranged in nature, and the CHOCH and 2 Candlestick Pullback, for the DTF H&S Candlestick Pattern to complete, PA would need to retest the DTF Swing Range Low and retest current Support as Resistance. Please note that with every CHOCH, a Pullback is almost always on the cards. This is evident in every Timeframe.
The DTF and H4 being Bearish in structure, and of a 15m H&S (H4_CHOCH) in all likelihood, PA will continue creating LL/LH's
Alternatively, in the event the H4 changes back to Bullish Structure, by breaking the last H4 LH (H4_CHOCH), it could push for another LH on the DTF and continue to the downside, if not, break DTF_CHOCH, Pullback to create an HL and continue to continue to the upside
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