DislikedCould I ask you how you would trade this pattern. Are you looking to go short 1.4777 area and long in the 1.4394 area?Ignored
I would be interested in a short above the 1.4800 level. There are a number of levels there: the Figure itself, the 79% retracement of the current swing, the left shoulder of the H&S, and perhaps a "bucket" buried inside the head somewhere. We will just have to wait and see what materializes.
And of course, price does have to overcome the 4777 resistance, a line that most people have on their charts, I suspect.
SR