the pattern you mention is not strictly a h&s its called a cup and handle and here's an example...
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Dislikedthe pattern you mention is not strictly a h&s its called a cup and handle and here's an example...Ignored
DislikedYes cup and handle and head and shoulders can often look similar, but you'll notice on the h&s that I outlined, both shoulders are within 2 pips of each other so this is a very nice symmetrical h&s and NOT a cup and handle. The example you showed, in my opinion, looks closer to a h&s than a cup and handle. Your example has a move down from the neckline and a retest which clearly showed a shoulder, whereas the example I have shown here is a smooth move down without the neckline retest. H&S are a much better pattern to trade imo.
http://i.investopedia.com/inv/dictio...and_Handle.gif
Regards....Ignored
Dislikedhope you dont mind me annotating your chart... if this is a cup and handle then we should see a handle form and then a break out above to your target...Ignored
DislikedA pullback to 1.3110-1.3140 would be a great opportunity to reload long.Ignored
Dislikedthe pattern you mention is not strictly a h&s its called a cup and handle and here's an example...Ignored
DislikedThe fromation is of a cup with a handle. They didn't have a like button so i had to make a comment.Ignored
Dislikedcup and handle, butterfly, head and shoulders, double top, triple top, double bottom, triple bottom, triangles, flats, zig zags, etc... all are useless and wrong interpretations of the charts presented to the public in a simple easy to be misleading wayIgnored
Dislikedcup and handle, butterfly, head and shoulders, double top, triple top, double bottom, triple bottom, triangles, flats, zig zags, etc... all are useless and wrong interpretations of the charts presented to the public in a simple easy to be misleading wayIgnored
Dislikedcup and handle, butterfly, head and shoulders, double top, triple top, double bottom, triple bottom, triangles, flats, zig zags, etc... all are useless and wrong interpretations of the charts presented to the public in a simple easy to be misleading wayIgnored
Dislikedcup and handle, butterfly, head and shoulders, double top, triple top, double bottom, triple bottom, triangles, flats, zig zags, etc... all are useless and wrong interpretations of the charts presented to the public in a simple easy to be misleading wayIgnored
Dislikedthere are no real patterns, its not geometry or drawing its about analysisIgnored