Head & Shoulders - Binance

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Here I have BNBUSD on the 1hr Chart showing what looks to be a completed Head and Shoulders pattern!!

With price having tested the "Neckline" three times after completion of both Shoulders and the Head!

I believe what we will see next is the Bearish Break of the Neckline to validate the reversal pattern and continue LOWER!!

**Chart Patterns are known to fail 1/3 of the times so BEWARE OF FALSE BREAKS!!

-Pattern Prediction-
*If price Breaks and Closes above 255.1, pattern INVALIDATED!
*If price Breaks and Closes below 244.7, price action will initiate my Trade Action Plan!

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ملاحظة

We're falling back towards the Neckline!!