Head & Shoulders - Binance
Here I have BNBUSD on the 1hr Chart showing what looks to be a completed Head and Shoulders pattern!!
With price having tested the "Neckline" three times after completion of both Shoulders and the Head!
I believe what we will see next is the Bearish Break of the Neckline to validate the reversal pattern and continue LOWER!!
**Chart Patterns are known to fail 1/3 of the times so BEWARE OF FALSE BREAKS!!
-Pattern Prediction-
*If price Breaks and Closes above 255.1, pattern INVALIDATED!
*If price Breaks and Closes below 244.7, price action will initiate my Trade Action Plan!
With price having tested the "Neckline" three times after completion of both Shoulders and the Head!
I believe what we will see next is the Bearish Break of the Neckline to validate the reversal pattern and continue LOWER!!
**Chart Patterns are known to fail 1/3 of the times so BEWARE OF FALSE BREAKS!!
-Pattern Prediction-
*If price Breaks and Closes above 255.1, pattern INVALIDATED!
*If price Breaks and Closes below 244.7, price action will initiate my Trade Action Plan!
Nota
We're falling back towards the Neckline!!
"An investment in knowledge will pay the best interest." - B. Franklin
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"An investment in knowledge will pay the best interest." - B. Franklin
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Novi's Trading Channel
t.me/+l3fTcsZu91ZiZDkx
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.