The price is creating a head and shoulders pattern on 4h timeframe and now the price is testing its neckline on the 0.786 Fibonacci level.
If the price is going to lose the support (0.81$) we could see a more continuation to the downside until the 0.7$
Of course, it's not enough to have just a breakout, you need to follow your strategy, for that reason we are following Plancton's rules.
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
If the price is going to lose the support (0.81$) we could see a more continuation to the downside until the 0.7$
Of course, it's not enough to have just a breakout, you need to follow your strategy, for that reason we are following Plancton's rules.
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
הערה
The price is following my drawing, after a head and shoulders the price retested its neckline on 0.5 and had a bearish impulse where our students made more than 42%The price created the pennant and had a breakout and retest the previous dynamic support as new resistance.
The market is testing the 0.5 as new support, If the price is going to have a breakdown we could see a new leg down.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.