Head and Shoulders Pattern on ETH/USD 4h

3 ott 2018

Head and shoulders pattern formation fully complete on ETH/USD 4h. Restest of the $220 price level has failed and should result in future bearish movement.

Take profit level is the height of the head reduced from the breakout off the neckline, stop loss is set at the top of the right shoulder.

Take profit = $170

Stop loss = $240

3 ott 2018

Nota

See newer chart posted 30 minutes after this one.

4 ott 2018

Nota

UPDATE: Do not use this chart. H&S is a reversal pattern and ETH/USD is currently at annual lows. Only look for inverse H&S if trying to use this pattern in a bear market.

6 dic 2018

Trade chiuso manualmente

Halfway through profit target before closing based on the chart I posted

24 dic 2018

Nota

4-1-0 based on this chart, which finished ITM

24 dic 2018

Nota

Meh, we'll leave it 3-1-0 since I said not to use this one