BTC - H1 - H & S CONFIRMED !
H1 : Failure to hold above the neckline of the H & S triggered its breakout which confirm
this reversal pattern, calling for a target of roughly 46265 which is also the bottom zone
of the H1 clouds support.
Breakout of the clouds would, as mentioned in my previous D1/H4 analysis, put the focus
on 45000-43000.
A pullback attempt might be seen but likely to be limited; only a recovery above the former neckline
(48620) would neutralise the ongoing downside risk.
Monitor carefully price action on M15 to get intermediate clues
this reversal pattern, calling for a target of roughly 46265 which is also the bottom zone
of the H1 clouds support.
Breakout of the clouds would, as mentioned in my previous D1/H4 analysis, put the focus
on 45000-43000.
A pullback attempt might be seen but likely to be limited; only a recovery above the former neckline
(48620) would neutralise the ongoing downside risk.
Monitor carefully price action on M15 to get intermediate clues
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