BitcoinSingkat
"Head and Shoulders Breakdown: Bearish Reversal in Play"
This chart appears to depict a Head and Shoulders pattern, a classic bearish reversal formation, signaling a potential downward trend.
Key Description:
1. Pattern Identification:
Left Shoulder: A rise followed by a temporary dip.
Head: A higher peak after the left shoulder.
Right Shoulder: A rise that doesn't surpass the head, followed by a dip.
2. Trendline/Neckline: A support line connecting the lows between the shoulders and the head, signaling where the price could break down.
3. Bearish Breakout:
Price breaks below the neckline, confirming the pattern.
Target (projected move): Typically equals the height from the head to the neckline.
4. Price Levels:
Current level: Around $104,999.66.
Projected target: $95,032.54, as shown by the downward arrow.
This setup suggests a possible significant drop, confirming the bearish signal after breaking the neckline. Ensure risk management while trading this move.
Key Description:
1. Pattern Identification:
Left Shoulder: A rise followed by a temporary dip.
Head: A higher peak after the left shoulder.
Right Shoulder: A rise that doesn't surpass the head, followed by a dip.
2. Trendline/Neckline: A support line connecting the lows between the shoulders and the head, signaling where the price could break down.
3. Bearish Breakout:
Price breaks below the neckline, confirming the pattern.
Target (projected move): Typically equals the height from the head to the neckline.
4. Price Levels:
Current level: Around $104,999.66.
Projected target: $95,032.54, as shown by the downward arrow.
This setup suggests a possible significant drop, confirming the bearish signal after breaking the neckline. Ensure risk management while trading this move.
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✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/FOREX_BRIGHT_FUTURE1
✅ ✅ Perfect Signals Provider With 90% Accuracy
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/FOREX_BRIGHT_FUTURE1
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/FOREX_BRIGHT_FUTURE1
Penafian
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