20191026 XBTEUR Open Short Position
Has you see, inverse head and shoulder as usual makes the head and shoulder as a result. Expect a drop price.
I did not wanted to put the target but you could measure the candle of head. Take as reference the volume to identify it.
It's hard too see it on candles because of the volatility of Crypto but i hope this would give you reference in future on how to detect thems.
Cheers and Safe trading!
Charter X
I did not wanted to put the target but you could measure the candle of head. Take as reference the volume to identify it.
It's hard too see it on candles because of the volatility of Crypto but i hope this would give you reference in future on how to detect thems.
Cheers and Safe trading!
Charter X
Note
Ok.. my bad, missed the arm measure, so lesson, measure the 1st arm, from the reversal point to the beginning of the head. So after the head is set up, start measurements and that would give you the proper time to short. Always have stop loss activated to avoid this situations. But if you dont forget this advice of measures, you will do good every next times..
Cheers!
Charter X
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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.