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Trading with Pattern

Head & Shoulder patterns are known to be indicators of a market reversal, this pattern may also occur in an inverse fashion where the head rest at the bottom of the chart, and is commonly known as "inverse Head & Shoulder".


To increase the probability of trades placed, chart pattern can be used in conjunction with an additional indicator. (eg: Fibonacci retracement tool)


Can you see a pattern on "ES" this morning?

ES on Oct 17, Asia hour

Can you see the Inverse Head that is resting on PAPLine-S2?

ES on Oct 17 ==> A IvH&S

How would you place your trade entry with this pattern? Let's pull out Fibonacci retracement tool from our indicator list. (most charting software should come with this indicator)

IvH&S with Fibonacci

Of course, there are many other important aspects such as managing risk, but chart patterns can be easily applied to serve the novice as well as the advance traders.


Happy trading :)

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Futures Trading is speculative and is not suitable for all investors. The risk of loss in trading can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. This brief statement cannot disclose all the risks and other significant aspects of the Futures markets. You should therefore carefully study Futures Trading before you trade. Information and trading tools provided in and through this website are for general information purposes only. All investments involve risk, including potential loss of principal. Clients must consider all relevant risk factors, including their own personal financial situation before trading. 

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