NQ 1H head and shoulders?

Jan 24, 2019Keeping an eye on this pattern. You could take a high risk short from here but I prefer to take a partial short at neckline break and add a bigger size on a neckline retest fail. Will be keeping an eye on price action on a return to neckline if/when it does break. As you can see it faked a break already so would need to proceed with caution if you wanted to play a break. Or, as per Magee's tactics, wait for a neckline break and then short a ~40% of the move from top of right shoulder after the break.