Head and Shoulder pattern is followed by period of consolidation. There is break out of consolidation followed by a retest of the vbrn 9.0 which is a ppz. Price fall back and closes below the HHR. I entered short and my target is the bar high of the ...

Mastering the Art of Trading

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Thanks for pointing it out. N

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pinbar off vbrn 9.0 which is a key ppz. Neytiri

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I think the retracement is over and the uptrend might resume now. N

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Brilliant. I have a long, long way to go. N

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You also were in this trade ? N

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Cant say it better than Ghous. Neytiri

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r Actually, when I started scanning the chart today, the pullback had already place. It would have been a wonderful entry. Neytiri

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Thanks Ghous. All I am doing is trying to follow your teachings. A quote from my favorite movie The Shawshank Redemption - "Remember Red, hope is a good thing, maybe the best of things, and no good thing ever dies" I had tried and tried but ...

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Ghous, I was aware of that too. But I thought that the previous fakeout would have consumed all the buy side liquidity provided by those sell stops. Neytiri

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