SHS formation says "sell"!

So i'am very bearish here in medium term.

Commento:

the red line is the neck line from SHS @4h chart

Commento:

i will change my bearish stance of course if the neckline will be successful attacked.

Trade attivo:

short @938$ SL, after succesful attack on the neckline, TP around 660$

Commento:

Total marketcap have also SHS formation in play:

drive.google.com/open?id=19RTFdG...

Commento:

the neckline of Total marketcap's SHS was succesfully attacked, but for invalidation of such formation sometimes is used the blue line, called maybe "the shoulders line". Only attack of price above this line will definitely invalidate SHS formation.

Commento:

For all the charts i use of course logarithmic view, because i found that fulfilling of formations like SHS works better than in arithmetic charts.

Trade chiuso manualmente:

closed @ 829$ waiting for price action to renew entry