IMX / TetherUSShort
Alikze »» IMX | Head and shoulder pattern scenario
Updated
🔍 Technical analysis: Head and shoulder pattern scenario
- In the weekly frame time, there was a three -wave move that has grown to 1.272 for its previous wave.
- According to the analysis presented before leaving the triangle density in the 4th wave of correction, it succeeded in the supply zone of growth and defeat it.
- After that, it faced a lack of stability at the top of the supply zone.
-This unsuccessful failure area of the supply area is a head and shoulder pattern.
- Currently, there is a currency pattern that can have a growth of a dynamic trigger.
- If the line is broken, the head and shoulder pattern will be approved and can be modified in the first step until the Golden Zone, and then the Priz area will continue and even move to the origin of the movement.
💎 Replacement scenario: If it can be removed from the corner, it can test the supply area, but the head and shoulder pattern will not be valid until the supply zone is broken and will confirm the pattern by defeating the line.
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- In the weekly frame time, there was a three -wave move that has grown to 1.272 for its previous wave.
- According to the analysis presented before leaving the triangle density in the 4th wave of correction, it succeeded in the supply zone of growth and defeat it.
- After that, it faced a lack of stability at the top of the supply zone.
-This unsuccessful failure area of the supply area is a head and shoulder pattern.
- Currently, there is a currency pattern that can have a growth of a dynamic trigger.
- If the line is broken, the head and shoulder pattern will be approved and can be modified in the first step until the Golden Zone, and then the Priz area will continue and even move to the origin of the movement.
💎 Replacement scenario: If it can be removed from the corner, it can test the supply area, but the head and shoulder pattern will not be valid until the supply zone is broken and will confirm the pattern by defeating the line.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
Note
According to the presented analysis, the head and shoulder pattern has been confirmed by breaking the dynamic trigger and neckline, so it can also have a pullback to the broken structure to continue the trend to the target. 
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