Few days ago, i just learn from a trader friend that this is not a Classical H&S because there shouldn't be anything on the left. Hence i call this as Pseudo H&S
Nevertheless, price wants to break the neckline but was rejected twice within a span of 3 trading days as can be seen from the wicked.
A close below 50ema would be an evening star rejection which would translate into a short for me.
P.S.: Always take note of potential false break out to test the slanting resistance, break the resistance to fill some gaps.
Nevertheless, price wants to break the neckline but was rejected twice within a span of 3 trading days as can be seen from the wicked.
A close below 50ema would be an evening star rejection which would translate into a short for me.
P.S.: Always take note of potential false break out to test the slanting resistance, break the resistance to fill some gaps.
