XLM Short Idea (Heads and Shoulders)
Updated
Hello traders,
Removing all the wicks, we can see that the price is forming a HS pattern.
This pattern will be valid if the price tests the bottom of the HS, and if confirmed its target could go up to 0.22.
Trade with caution.
Removing all the wicks, we can see that the price is forming a HS pattern.
This pattern will be valid if the price tests the bottom of the HS, and if confirmed its target could go up to 0.22.
Trade with caution.
Note
Formation is in place, we will see first target 0.27500 taken first, following with 0.25-0.22Note
Note
Price seems to have bounced off from the bottom of the HS, for a final confirmation the top of the right should needs to act as resistance otherwise this pattern becomes invalid.Note
After a re-test of the shoulder, we confirmed the pattern, we headed msot of the price targets, just 1 missing.Trade closed: target reached
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