Nexgen Short Opportunity ?
I entered a medium-sized short position on NexGen for several reasons, as the probability of revisiting the range lows appears high from this point:
1-The price briefly broke above the range highs but quickly reversed back inside, indicating a failed breakout.
2-A classic Head and Shoulders pattern has broken down and is currently retesting the neckline.
At the end of the day, trading is all about probabilities, and to me, this setup looks highly valid. Let’s go!
1-The price briefly broke above the range highs but quickly reversed back inside, indicating a failed breakout.
2-A classic Head and Shoulders pattern has broken down and is currently retesting the neckline.
At the end of the day, trading is all about probabilities, and to me, this setup looks highly valid. Let’s go!
Trade active
Amazing Trade ! amazing setup ! congrats for those who traded it. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.