Spiked Neckline from this bearish pennant
Updated
LINKUSDT spiked closely @ TP1 which is a harmonic AB=CD pattern target from a breakdown of the prior low 1M candlestick inside bar. Reacting now from the volume POC. A complex Head and Shoulders can be validated after a pullback to neckline. Plus potential bullish Butterfly target.
Note
Reciprocal 88.6 = 1.13 AB=CD target TP1Note
Note
A look back to Dec '20 - Jun '21 to see as LINKUSDT has been harmonical in Ficonacci reciprocal ratios. Note
A new reciprocal AB=CD projection has been applied. Expecting a pullback to the neckline after a potential TP1 @ USDT6.2 local support level. An increase from this level can be a good opportunity to a scalp upward. Note
1W chart with Fisher Transform bearish crossing. Potential impulsive downward till the end of November. Note
Bearish divergence on H1 in Chaikin Oscillator w/ extended target @ 14,6% Fib retracement from the peak of prior leg. Note
Complex Head and Shoulders formation on H4. Note
The price action retested neckline @ $6.92 making a micro double top formation. Note
Hypothetical scenario of a H
S in confluence w/ a bullish Gartley harmonic projection. 
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