Morning folks,
So, today we do not need to do many things - just re-shape the pattern a bit, as we've got the right arm's bottom, and now we could set the potential target of this H&S pattern. Supposedly, we watch for 2nd leg of downside retracement starting point around $61.75K. It means that downside target also will be higher - not at 42 but around $44K. There are another nuances exist around this pattern, you could watch them in the video on FPA site.
So, today we do not need to do many things - just re-shape the pattern a bit, as we've got the right arm's bottom, and now we could set the potential target of this H&S pattern. Supposedly, we watch for 2nd leg of downside retracement starting point around $61.75K. It means that downside target also will be higher - not at 42 but around $44K. There are another nuances exist around this pattern, you could watch them in the video on FPA site.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
