NeelamN

Gold Head and Shoulder Pattern - Good short below neckline

Short
MCX:GOLD1!   GOLD FUTURES
Gold is showing a change in DOW theory
Made a Lower High, so, expecting a Lower Low
Chart pattern seen is Head and Shoulder, if breaks neckline then good short.
Target marked in the chart above.
Trade closed manually: trailing stop profit hit...
now giving a morning star pattern...

Comments

Thanks for the idea.
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rajusahu1989 rajusahu1989
@rajusahu1989, what is the Product you trade. ? I haven't traded yet that is why this query.
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NeelamN rajusahu1989
@rajusahu1989, Futures in commodities and options in indices...
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