XLM H&S AND TARGETS
Strategy, buy only at breakout.
Nota
The fact that this H&S confirmation is taking so long(even too long), it might affect the bullish momentum. The huge "shooting star" red candle on the daily as soon as it confirmed the broke out can be seen as huge rejection and a possible bearish reversal.
Nota
On the weekly the trend-line is still quite bullish, however it might reject the H&S structure.
Nota
I guess this goes unsaid, pretty safe to say that the H&S pattern failed.Overall, this is an extremely bearish sign.
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.