Where is the volume? BTC inverted H&S pattern
Updated
Hi there,
First of all, i'm not experienced. I'm a newbie when it comes to TA so feedback is welcome and appreciated.
While researching the inverted H&S pattern i've read that volume increase is important on the advance of the right shoulder, since we're not seeing this i'm kinda worried this might be a false breakout.
So lets hope we see some volume in the coming day's to confirm this breakout.
Also if the pattern is confirmed i noticed a possibility for an even bigger inverted H&S, this is of course very speculative.
If anyone has feedback or comments i'd like to know!
Thanks :)
First of all, i'm not experienced. I'm a newbie when it comes to TA so feedback is welcome and appreciated.
While researching the inverted H&S pattern i've read that volume increase is important on the advance of the right shoulder, since we're not seeing this i'm kinda worried this might be a false breakout.
So lets hope we see some volume in the coming day's to confirm this breakout.
Also if the pattern is confirmed i noticed a possibility for an even bigger inverted H&S, this is of course very speculative.
If anyone has feedback or comments i'd like to know!
Thanks :)
Note
So as you can tell, this was a false breakout just as i said.As long as the bottom point of the H&S isn't breached the pattern could still be in play. Volume is what we should be looking at.
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