This isn't an ordinary Inverse H&S... one has to uncover hidden gems in order to reap the reward.
One of the MOST successful Inverse H&S patterns to trade is when it's in an Inverse H&S on lower timeframes but the current price is testing a Higher TF daily support.
In this case BTC is retesting daily support all the way back in Feb. 6th.... this has a much higher likelihood of breaking out to the upside than I originally thought - PT
49K!
When the pattern leans against the higher timeframe structure
On its own, the Inverse Head and Shoulders pattern isn’t significant.
But, if it leans against a higher timeframe structure (like Support and Resistance), it can be a powerful chart pattern to trade.
And if you need confirmation of the 1H timeframe Inverse H&S pattern - see my link below.
One of the MOST successful Inverse H&S patterns to trade is when it's in an Inverse H&S on lower timeframes but the current price is testing a Higher TF daily support.
In this case BTC is retesting daily support all the way back in Feb. 6th.... this has a much higher likelihood of breaking out to the upside than I originally thought - PT
49K!When the pattern leans against the higher timeframe structure
On its own, the Inverse Head and Shoulders pattern isn’t significant.
But, if it leans against a higher timeframe structure (like Support and Resistance), it can be a powerful chart pattern to trade.
And if you need confirmation of the 1H timeframe Inverse H&S pattern - see my link below.
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.
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.