What I'm watching for...
Black - Price action. Money will be made here by market makers, and minnows.
Blue - The bull flag we're forming, as part of the right shoulder of the infamous iH&S pattern forming. There are other patterns at work here, cup & handle, etc... It's all building up to be a BIG move UP.
#1 - Purple - A retest of the 50/200 EMA crossover, to setup the bottom of the right shoulder of iH&S. @ 10-9.7k.
#2 - Dark Red - We continue up the iH&S. Top of the bearish channel. @ ~10.9k
#3 - Dark Green - We reach the iH&S neckline. @ ~11.6k
#4 - Green - What a new bull channel could look like. Dates used listed below.
Top green - Drawn from top of [Date - 08/15/2017] to top of [Date -- 11/08/2017].
Bottom Green - Drawn from bottom of [Date - 09/23/2017] to bottom of [Date -- 02/06/2018].
Black - Price action. Money will be made here by market makers, and minnows.
Blue - The bull flag we're forming, as part of the right shoulder of the infamous iH&S pattern forming. There are other patterns at work here, cup & handle, etc... It's all building up to be a BIG move UP.
#1 - Purple - A retest of the 50/200 EMA crossover, to setup the bottom of the right shoulder of iH&S. @ 10-9.7k.
#2 - Dark Red - We continue up the iH&S. Top of the bearish channel. @ ~10.9k
#3 - Dark Green - We reach the iH&S neckline. @ ~11.6k
#4 - Green - What a new bull channel could look like. Dates used listed below.
Top green - Drawn from top of [Date - 08/15/2017] to top of [Date -- 11/08/2017].
Bottom Green - Drawn from bottom of [Date - 09/23/2017] to bottom of [Date -- 02/06/2018].
Trade closed: target reached
#1 - Right shoulder is continuing to build out, as each bull flag is moving upwards.Heading towards bear channel @ ~10.9k
Are we going to continue to reach for the iH&S neckline?
Trade active
Sorry guys. Trade is still active, holding positions bought in @ 9.4k.
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.
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.