Get started
BTC Linear Perpetual Futures Contract
Short

4H Head and Shouders Formation

By x4fcqmrdz5
The closing price of the second shoulder is observed to be lower than the first shoulder, indicating a potential reversal pattern. Furthermore, the price action is positioned below the 200-day Moving Average (EMA), reinforcing the bearish sentiment. Additionally, I noticed seven candles on the first shoulder and head. BTCUSDT.P May 7, 2024, 2:25pm
BTCUSDTChart PatternschartpatternanalysisheadandshouldersformationperpetualTrend Analysis
x4fcqmrdz5

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.