I was just watching Huobi today when I spotted this beautiful head and shoulder pattern! When the neckline was broken, my buy signals went of finally.
Our target is calculated just like the cup and handle pattern. Measure the distance between the head and the neckline, and that is approximately the distance that the price will move after it breaks the neckline.
Target: 3560-3470=90
3550+90=3640 (589,55)
If we break the neckline we will go up to 3700 (600)
Then back to the neckline and again up to 3769 (610)
If you like my analysis and my description, please like!
Have a great day! :)
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Tapped the wrong button --------------------------- LONG
Our target is calculated just like the cup and handle pattern. Measure the distance between the head and the neckline, and that is approximately the distance that the price will move after it breaks the neckline.
Target: 3560-3470=90
3550+90=3640 (589,55)
If we break the neckline we will go up to 3700 (600)
Then back to the neckline and again up to 3769 (610)
If you like my analysis and my description, please like!
Have a great day! :)
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Tapped the wrong button --------------------------- LONG
