That chart is definitely in central time. The section you're talking about didn't happen until 1342ET. Anyway I would argue that that H/S looking thing did indeed drop off near 1310 and that was that - end of the move. But it bounced off a 190.4x level it had just broke out of back around 1240, finding support, and went back up. However there's a bigger point here in that it's a 1m noise chart in the middle of a range, having just recovered from dropping below the range. This is not a place you should be putting on shorts or even trading IMO. I'm going to post an ES volume-based-chart from the same day to show what I mean: Trade at the edges. Trade off of more significant levels.
Thanks for taking the time to review. Did you add manually the green support on the bottom of the H/S? Thanks!
Yes - but the most important part of a H/S is the neckline IMO. However, if it's just some H/S looking thing within the middle of a range on a 1m chart - it has a high chance of failure.
Lol, another noob on board. But that's expected. Most ppl never progressed beyond elementary school, or should I say kindergarten when reading price action...
don't take the head and shoulders short as it's getting support from the bollinger band, maybe ANd the double bottom trade looked like it worked (not a failure)