Fresh Cup n Handle follow on to HnS. Kinda raggedy. That hammer in the handle got shut down by nice green up move...
I'm still in it. My PT was 30 ticks too high over the HOD. At the peak the trade was +$188 MFE. My PT was just over $200. Alas, I sit on it now. I want my, I want my, I want my 2 hun-skies!
Never fear, they'll be here. You Did ask for a correction up there somewhere. So you'll Both be right. Maybe. Like Legendary Hollyweed Talent Agent Swifty Lazaro would say, "If you're here after what I'm here after, you'll be here after I'm gone." Dude was a Kang I tells ya.
Overnight, por favor post an image YM Renko for June 28-29. You trade Dec. contract? Post up a June contract too? Gives an apples to apples comparison (of two perspectives on the same data via Renko and Candlestick 5 minute YM for date June 28-29, June contract). YM June 5m candlestick chart type shows RickshawMan's Inverted Head and Shoulders. The H&S had Lots of Headwind took lots of Time and a follow-on cup and handle to get going. There might be some Nice Renko Signals between the H&S trigger time, and the time price finally crossed above the H&S entry price level for the Last time on it's way up North to a 100% retracement of the prior move. That Head and Shoulders had an entry time of June 28, 3:50 PM. Thirteen hours later at about 5:AM June 29 the price was Still at the entry level of the H&S 13 hours earlier. That's plenty of time for a good Renko signal to emerge and a Timely Signal is better than sitting through whipsaws that require substantial leeway when setting stop loss. That Head and Shoulders' 30% drawdown to target ratio may not compare favorably with what your Renkos can do. Show me the Renko. I want to believe. https://elitetrader.com/et/threads/ym-inverse-head-shoulder-buyyyyyyyyyy.359798/page-2#post-5412600