I don't want to tarnish the ES Journal

Big AAPL

Big AAPL

I must admit, I read it everyday, but do not post because I am a bit of a loner (only here, I have a big family) . However, the potential for a very popular pattern is setting up. The truth is it is WAY BEYOND my trading timeframe. However, it bears attention. So, I am interested to hear from those who may have some FUNDY opinions as to why this may fail. My own analysis (purely tech BTW) tells me that a break of 2007.25 would warrant a stop and another attempt at a short would be taken at the upper trendline, if in fact that HNS comes to fruition.


4vlfe0.jpg
 
Failed Head and Shoulders patterns are decent to trade as they seldom go counter to the pattern, but when they do, often times goes longer ways for shorter term day traders like me.
 
Big AAPL said:
I must admit, I read it everyday, but do not post because I am a bit of a loner (only here, I have a big family) . However, the potential for a very popular pattern is setting up. The truth is it is WAY BEYOND my trading timeframe. However, it bears attention. So, I am interested to hear from those who may have some FUNDY opinions as to why this may fail. My own analysis (purely tech BTW) tells me that a break of 2007.25 would warrant a stop and another attempt at a short would be taken at the upper trendline, if in fact that HNS comes to fruition.


4vlfe0.jpg
More...

Do you see same thing on this chart?
ES 03-16 (100000 Volume) 3_8_2016.jpg
 
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