Eth/usdt Head an shoulder

we recognize were in a bear trend. ETH looks to have formed a head and shoulders on the 4hr time frame.
indicators need to reset so be careful if you open a position if it breaks the neckline.

Trade ist aktiv:

We had a clear breakout of the head n shoulder pattern. I actually opened my position at the beginning of the right shoulder @1690. took some profit @1488. looking for at retest @1564 to add on to position.. Buckle up for the wavy ride

Kommentar:

looks as if price has formed a bear pennant. wait for break out