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Beautiful textbook Head and Shoulders Pattern
Hey all, quick educational post on a text book H & S pattern break on ETH on the hourly that just played out.
Left shoulder started around 740, the head formation started aroun 6pm last night with a higher right shoulder around 2am this morning. When the right sided neck line broke $740 look what happened, a respectable dump and a new resistance being formed at $740. The hourly bars have been unable to close above $740, and I would suspect a further bearish move to the down side. ETH is still bullish, but I think this will remain a strong formation. Pretty cool. Hope you got something from this.
ShiverMeTimberz here, firing one off your bow. It be your coin I be after, ARRR!
Tell me what ya'll think. Like, subscribe, comment. This is for education purposes only.
Left shoulder started around 740, the head formation started aroun 6pm last night with a higher right shoulder around 2am this morning. When the right sided neck line broke $740 look what happened, a respectable dump and a new resistance being formed at $740. The hourly bars have been unable to close above $740, and I would suspect a further bearish move to the down side. ETH is still bullish, but I think this will remain a strong formation. Pretty cool. Hope you got something from this.
ShiverMeTimberz here, firing one off your bow. It be your coin I be after, ARRR!
Tell me what ya'll think. Like, subscribe, comment. This is for education purposes only.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.