As you have read Anek mention time after time, the failed H&S are great oppertunities as well! So be shure to pay attention to those allso. If an obvious H&S fail to break neckline, take it as it breaks above right shoulder!
Nice!!! Didn't quite resolve that way on my 1000CVB chart. And I don't think I would have seen that one come up (just the way it formed). Nice that it happened @ LOD as well!
bigger IHS looking like it might fail! http://www.sierrachart.com/userimages/upload_2/1236021562_1_UploadImage.png
Are those entries I circled good entries? The first entry, for the follow through....wouldn't trigger if you were looking to get long using the 'magic tick,' i.e. waiting for a tick above entry bar. Second, you would get short on the break one tick below that 'weak' bar going a tick below that swing I circled in green? ----EDIT----- Just as a side note, market is doing whatever it wants now.
yes looked like good entries to me. If one did enter before the magic tick on the first IHS, it would make sense to exit on first bar that closed red. Even though it was not a weak bar, there was clearly no follow through on the BO as you wrote on your chart.