Price was in a strong uptrend, with buyers clearly dominating. Each push higher showed strong momentum, but bullish strength started to fade.
The first pullback formed the left shoulder, showing early signs of hesitation. Buyers tried to regain control, pushing price to a new high, "the head", but that move lacked follow-through. This is a big clue.
When price pulled back again and formed a lower high, the right shoulder, sellers stepped in more aggressively. This was the first real sign that the trend might be shifting.
Once the neckline broke, it confirmed that sellers had taken control. A retest of the neckline could now serve as a perfect short entry point, anticipating a move toward around 47.000.
The first pullback formed the left shoulder, showing early signs of hesitation. Buyers tried to regain control, pushing price to a new high, "the head", but that move lacked follow-through. This is a big clue.
When price pulled back again and formed a lower high, the right shoulder, sellers stepped in more aggressively. This was the first real sign that the trend might be shifting.
Once the neckline broke, it confirmed that sellers had taken control. A retest of the neckline could now serve as a perfect short entry point, anticipating a move toward around 47.000.
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👉Get 20% Deposit BONUS - bit.ly/trenddiva
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.