137 5
i PUBLISHED THIS ALREADY AND WROTE SOME STUFF BUT I'M NOT DOING IT AGAIN... From what I understand, when a bull/bear flag (tracked by fib sequences) ends, you will see movement one direction or the other. The infamous "head and shoulders" or inverse is commonly seen prior to the beginning of a flag. If I'm wrong or you have any advice please do let me know.
The "the head and shoulders" you're showing doesn't have a connecting neckline, therefore its not a head and shoulders. http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_top_reversal you can look it up there, or in other websites.
crowdstreamllc CryptoChica
@dperezt thank you! I will try and do better next time, nonetheless things are holding up.
crowdstreamllc CryptoChica
@dperezt, I just didn't draw the neck line now that I'm looking at this, where do you think I found upward pressure? It's there bro, watch it do exactly what I said it would.
crowdstreamllc CryptoChica
@dperezt, the neckline in case you haven't been paying attention is at 12k and change.
CryptoChica crowdstreamllc
@crowdstreamllc, I see, here's the explanation I've got
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