Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated:
1
00:00:00,180 --> 00:00:04,220
Morio 4.2 is the head and shoulders better.
2
00:00:04,290 --> 00:00:12,330
This is a classic chart pattern and you've probably heard of this pattern for this pattern usually happens
3
00:00:12,330 --> 00:00:20,450
at the extremes and can give us an earlier hint to where a direction is turning to.
4
00:00:20,510 --> 00:00:23,820
It marks the start of a new trend.
5
00:00:23,820 --> 00:00:29,210
This is one of the key patterns I look at to give me a direction based in my training.
6
00:00:29,610 --> 00:00:34,680
And the first draw down trend here is going down.
7
00:00:41,220 --> 00:00:41,940
OK.
8
00:00:42,240 --> 00:00:53,920
And you can see here this is the left shoulder the head and the right shoulder.
9
00:00:54,180 --> 00:00:58,520
And this is what we call the neckline.
10
00:00:58,640 --> 00:00:59,140
Right.
11
00:00:59,390 --> 00:01:13,400
And the opposite is true for another trend.
12
00:01:13,420 --> 00:01:18,000
There are a few variations of course in the charts as you guys already know.
13
00:01:18,760 --> 00:01:27,590
It's not always textbooks hands shoulders it for example sometimes the break up the neck line may happen
14
00:01:27,610 --> 00:01:33,200
earlier like in this case or it may happen later after the head.
15
00:01:33,310 --> 00:01:33,870
Right.
16
00:01:35,900 --> 00:01:42,070
It doesn't really matter for me I consider it still hadn't showed his pain.
17
00:01:42,460 --> 00:01:42,820
OK.
18
00:01:42,860 --> 00:01:44,780
Let's try to spot them on the charts now.
19
00:01:45,740 --> 00:01:52,460
These patterns don't happen very often on the charts but when they do occur it's a really solid pattern
20
00:01:52,480 --> 00:01:55,820
that could give us change in direction by.
21
00:01:57,090 --> 00:01:58,400
There's one right here.
22
00:01:58,740 --> 00:02:03,960
So as you can see branches to the downside the action is down.
23
00:02:04,350 --> 00:02:12,950
Trying to spot levels her where we could take short entries.
24
00:02:13,460 --> 00:02:16,500
We have another novel here.
25
00:02:18,330 --> 00:02:27,950
Dan trenchcoats me a minute higher high here which is a fake made and pushed down.
26
00:02:28,090 --> 00:02:30,650
The momentum is still going strong.
27
00:02:30,730 --> 00:02:41,330
But notice here there was a previous though right here and it's for sort of a range.
28
00:02:41,650 --> 00:02:48,450
Finally made in the push to the APS-C and there are lots of training opportunities you can take here
29
00:02:50,030 --> 00:02:59,160
you may simply trade the bouncers or ask neckline or you could already start looking for longs in this
30
00:02:59,240 --> 00:03:02,700
area here before it even breaks the neckline.
31
00:03:03,070 --> 00:03:11,780
And if you're more aggressive you can start looking for loss even before it breaks the neck line eventually.
32
00:03:11,950 --> 00:03:16,120
So from this point onwards is trans fat another one.
33
00:03:16,450 --> 00:03:17,850
This is another one.
34
00:03:17,990 --> 00:03:27,410
A perfect Zambo here is going towards the upside of trend high highs and lows and highs Hallam's been
35
00:03:27,560 --> 00:03:29,330
a big push to the upside.
36
00:03:30,390 --> 00:03:32,590
No one is expecting a reversal yet.
37
00:03:35,060 --> 00:03:38,970
So it forms a range.
38
00:03:39,080 --> 00:03:43,290
The Head and Shoulders pair is also a period when price ranges.
39
00:03:43,380 --> 00:03:53,300
But instead of just the rectangular range it made a fake out in the middle here.
40
00:04:00,930 --> 00:04:04,990
We've covered this and the previous models.
41
00:04:05,680 --> 00:04:10,560
The three things that are happening in range are trying to be contain.
42
00:04:10,650 --> 00:04:14,960
Then there's the fast break and eventually the break up.
43
00:04:15,020 --> 00:04:16,910
So it's the same basic concept.
44
00:04:18,800 --> 00:04:20,470
But we have a name for this now.
45
00:04:20,480 --> 00:04:21,560
It's the left shoulder
46
00:04:24,900 --> 00:04:30,780
the head the middle and finally the right shoulder.
47
00:04:30,840 --> 00:04:37,590
You may still trade the bounces off the neck line towards the upside but once you press break in the
48
00:04:37,590 --> 00:04:46,600
next line you know the direction biases change usually what is taught out there is to wait for press
49
00:04:46,600 --> 00:04:53,800
to break the neckline and we could enter under intense leave it up to you guys.
50
00:04:53,990 --> 00:04:57,970
If you're more aggressive or more conservative it's neither right or wrong.
51
00:04:58,160 --> 00:05:00,300
It just depends on your own personality.
52
00:05:01,450 --> 00:05:02,010
Right guys.
53
00:05:02,010 --> 00:05:04,660
And that wraps up this Madian head and shoulders.
5023
Can't find what you're looking for?
Get subtitles in any language from opensubtitles.com, and translate them here.
Afrikaans
Albanian
Amharic
Arabic
Armenian
Azerbaijani
Basque
Belarusian
Bengali
Bosnian
Bulgarian
Catalan
Cebuano
Chichewa
Chinese (Simplified)
Chinese (Traditional)
Corsican
Croatian
Czech
Danish
Dutch
English
Esperanto
Estonian
Finnish
Frisian
Galician
Georgian
German
Greek
Gujarati
Haitian Creole
Hawaiian
Hungarian
Icelandic
Indonesian
Irish
Italian
Japanese
Kazakh
Khmer
Korean
Kurdish (Kurmanji)
Kyrgyz
Lao
Latvian
Lithuanian
Luxembourgish
Macedonian
Malagasy
Malay
Maltese
Maori
Mongolian
Myanmar (Burmese)
Nepali
Norwegian
Pashto
Polish
Portuguese
Romanian
Russian
Samoan
Serbian
Sesotho
Shona
Sinhala
Slovak
Slovenian
Somali
Spanish
Swahili
Swedish
Tajik
Thai
Turkish
Ukrainian
Urdu
Uzbek
Vietnamese
