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

Ether / United States DollarCoinbase

Huraian

⋅ 24 Dis 2017 pukul 17.43

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

Chart Patterns ETHUSD

Komen

JBoro111

⋅ 25 Dis 2017 pukul 11.29

So this is over then?

Commandeur

⋅ 25 Dis 2017 pukul 22.47

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

Lebih