A clear inverted H&S

29. Dez. 2018

Hello guys,

People who follow me know that I'm not a big fan of inverted H&S but this one in daily is incredibly beautiful. Volume is confirming it.
Not so much to say here: remember never trade a pattern before the breakout/breakdown.

In the case of a breakout, we could see a retest of the previous descending triangle which should act as a strong resistance now before a potential final wave down.

5. Jan. 2019

Anmerkung

I cant extend the inverted H&S a lot more: s3.amazonaws.com/tradingview/snapshots/b/bDKWvHup.png

We are currently facing 50 MA, with a bullish triangle pattern. We should know by Monday which one will win.

The interesting point is we have now broken the longtime periodic trend of the Fibonacci specter level (change of color): I'm curious to see what will happen.

6. Jan. 2019

Anmerkung

LTC is breaking his resistance and try to establish his inverted H&S :

I expect BTC to do the same tomorrow with the open of the futures.

6. Jan. 2019

Anmerkung

Don't forget to like, comment, share and follow if you want more content! Happy year of trading, can you smell the money too? :D

6. Jan. 2019

Anmerkung

And... That's it! We will test the resistance neckline pretty soon. Bulls will need volume if they want to break it, a gap on Futures could help them.

10. Jan. 2019

Trade geschlossen: Stop wurde erreicht

10. Jan. 2019

Anmerkung

Neckline tested and be rejected with good volume. The stop is reached.