View: 4 jul27.PNG

4 jul27.PNG

Potential H&S pattern ahead of FOMC

Comments

DinkDink
Oye, another supposed H&S top. Yes, it might very well be a H&S top, but most of the time a H&S pattern is not a top, but a continuation. Usually you get a false break below the supposed "neckline" to hit stops, which appears to be exactly what happened a few minutes ago. I am holding my long ES until ES 2180 or 2200. 7/27/16
Silver SingularitySilver Singularity
I hold my shorts with a stop below 2180 
Glad to know my money will go into your pocket if markets BO 7/27/16
DinkDink
2180? I'll probably be out of some of the position by then. 7/27/16
DinkDink
This H&S top is starting to morph into an inverse H&S continuation pattern. I have the neckline around ES 2168. Break above there targets an inverse H&S pattern upside target of ~2190. 7/28/16
...