no i didnt mention anywhere asking inverted h&s ....
but u know we do get elevated h&s ... is this the one like this ?
ps : sorry actually different perspective..i m looking from where the green line started...and u looking more of today's.
Lols...yea i was trying to look at it the oder way around....
Anyways, yes it did appear to be a HnS pattern. But since HnS is a bearish pattern, a falling neckline is still considered valid, but I guess rising neckline should be traded cautiously.
ankit where is the most appropriate long .
above this narrow consolidation at hod or
shd wait for hod to be broken and enter on pull back
Well...MOST APPROPRIATE LONG.....How I wish I had an answer to this question...i wud have been making millions den
Anyways, my opinion is still HOD. This has been a sideway movement so far. Better to wait for confirmation.
No shorts for me....WIll only enter once LOD is taken off. After confirmation of a downtrend. I am ready to loose 20 points of potential profits on my downmove than trying to grasp every single trade and lossing in whipsaws.
Learnt it from The Saint....Wait and Watch is better on trading days.