Bitcoin CME FuturesShort
Head and Shoulder Neckline
The head and shoulders is still valid carrying on from Jan 2021. We bounced off the neckline from currently traded prices. We can still bounce off the neckline for several days or weeks. However, if not broken through we will ultimately see a downtrend possibly until Nov 2024 being a 1W chart.
Target price for a head and shoulders pattern is:
Price difference from height of head to neckline x 2 = Target price
Remember always set a SL
Love Spoofy
Target price for a head and shoulders pattern is:
Price difference from height of head to neckline x 2 = Target price
Remember always set a SL
Love Spoofy
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.