$TURBO inverse H&S potentially forming.
as long as the current correction stabilizes around .0044ish it would be forming a inverse head and shoulders which has a very high probability of a move up well past all time highs. RSI and Stochastic are also supportive of this potential.
Dagangan aktif
looks like right shoulder has formed at .0049.if anything changes i will update here but i dont think we will have much considering the time of day.
Nota
so far pattern is still valid and on course, these are opportunities to add to my bag.Nota
UPDATE JUNE 25th :From what i can understand, the pattern is still valid however the right shoulder isn't confirmed as it seeks to retest 0.0051 in face of the sell pressure being exerted.
from what i see we have two potential scenerio's:
First:
a new attempt to reestablish a symmetrical right shoulder around .0044ish.
second:
the H&S pattern is invalidated with a down move to retest support at .0035.
please share you thoughts via the comments and please point out any errors in my understanding.
Nota
UPDATE JUNE26th:Looks like it just reached a symmetrical right shoulder(.004438) however the market trend is quiet aggressively red, 50/50 chance the formation gets voided as Turbo seeks .0035
Dagangan aktif
looks like a shoulder is indeed forming, what do you guys think? is this the last chance to buy in? just opened my second trade.
Dagangan ditutup: hentian tercapai
trade closed at a loss, pattern no longer validl.
"This is not financial or investment advice. It's a brainstorming session seeking input from other traders for academic purposes. Any decisions should be independently researched and considered."
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"This is not financial or investment advice. It's a brainstorming session seeking input from other traders for academic purposes. Any decisions should be independently researched and considered."
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.