Greetings,
although market has shown minor upside spike, after our recent discussion, strong collapse has followed shows inability of the market to break neckline of daily H&S pattern.
Although major invalidation point of right arm's bottom @3600$ has not been broken yet, and theoretically H&S is still valid, but this kind of action is irrational for H&S pattern
and should be treated as big flaw in bullish context.
Now we should at least escape any long positions. For short entry there are two different setups - either wait for bearish continaution patterns, such as '222" Sell, based on recent drop, or wait for breakout of 3600 area, which
suggests drop below 3000$ and action to our all time 1800$ target that we still keep on the table...
although market has shown minor upside spike, after our recent discussion, strong collapse has followed shows inability of the market to break neckline of daily H&S pattern.
Although major invalidation point of right arm's bottom @3600$ has not been broken yet, and theoretically H&S is still valid, but this kind of action is irrational for H&S pattern
and should be treated as big flaw in bullish context.
Now we should at least escape any long positions. For short entry there are two different setups - either wait for bearish continaution patterns, such as '222" Sell, based on recent drop, or wait for breakout of 3600 area, which
suggests drop below 3000$ and action to our all time 1800$ target that we still keep on the table...
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
ForexPeaceArmy BTC analytics :
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
forexpeacearmy.com/r/author/11/sive-morten-blog
FX, GOLD:
forexpeacearmy.com/community/forums/sive-morten-currencies-and-gold-video-analysis.122/
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.