How to Trade Using Market Structure | Brian Shannon CMT
The TraderLion Podcast
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What's an Inverted Head and Shoulders Head?
This is the S&P 500 through mid-morning yesterday on the spy. We're in a downtrend, but you know, if you're looking for bounces, you anticipate that it's going to make a higher high above that flat realizing five day moving average. And then you participate as it enters there and you set your stop. The next day it gaps up, the stop will go in your hair. As it makes a higher high, raise your stop on your hair, boom, you're out. It pulls back and you avoid this big decline from four or six down to three eighty two. So basically a break you can create.
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