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ETH/USD: head-and-shoulders pattern on 4 hour chart?

COINBASE:ETHUSD   Ethereum / Dolar
If price breaks below USD 644, there would be a head-and-shoulders pattern

price target is USD 412
Calculation:
Measure distance between neckline and the head: roughly 231
Subtract this distance from where price breaks the neckline: roughly 643
--> 643 - 231 = 412

So this is over then?
Balas
@JBoro111, no not yet.
price is still below the resistance of "shoulder".
when price breaks above this resistance, the pattern would be invalidated
Balas
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