Scenario 1 - If Head & Shoulders pattern completes, probability of a a pull back to $23k-$24k is 51% (NOT 100%)
Scenario 2 - If Head & Shoulders does not complete we may range between 'Support 1' (Pink) and $37k for a while
Scenario 3 - If Head & Shoulders does not complete, and we have a sustained break out above $37k. We will likely go to the Target zone of $40k+
I am currently monitoring to see if the H&S pattern plays out. Will update idea periodically.
Scenario 2 - If Head & Shoulders does not complete we may range between 'Support 1' (Pink) and $37k for a while
Scenario 3 - If Head & Shoulders does not complete, and we have a sustained break out above $37k. We will likely go to the Target zone of $40k+
I am currently monitoring to see if the H&S pattern plays out. Will update idea periodically.
Nota
Head & Shoulders pattern invalidated. I think we tickle around the $38,500 zone for a bit then test $40k plusNota
$38,500 Zone tickled for a while and now broken. Up we go to test the $40k+ zoneNota
Looks like Scenario 3 played out here, we'll monitor what happens in $40k+ Zone and draw up some new analysis from there.Congrats to anyone who entered the trade on the sustained break out above $37k as stated. You just made ~7% profit
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.
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.