Great trade set up here. I always look for h/s or double tops, triple tops, triangles, etc in the market and get in on a QUICK retest of the broken area and it works wonderfully! I dont generally take something like this because its probably not with the overall trend but I did want to say theres really not a need to have a stop way above the highs...if price goes above that right shoulder it would make the pattern invalid and its likely a failed pattern and actually a good place to go long. Check out the failed pattern section of bulkowskis book "chart patterns". I think you will get some brilliant ideas. Thanks for posting!
