Short
OCEANUSDT Perpetual Analysis with bearish H&S pattern
This is a great example of an H&S pattern and even though I could've entered after the neckline had been broken I prefer to wait for the first pullback to give myself a better RR Ratio. Price has also reacted consistently to Fibonacci Levels, which lets us predict pretty accurately where the pullback will top.
Hope this analysis was somehow helpful, have a good day!
(Not financial advice)$BYBIT:OCEANUSDT
Hope this analysis was somehow helpful, have a good day!
(Not financial advice)$BYBIT:OCEANUSDT
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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.
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.