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ETHUSD - Head And Shoulders Pattern In Progress Or Not?!

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Hello Traders,

ETHUSD is in a sideways range between 837.08-636.79.

I am looking for a potential head and shoulders pattern. But the right shoulder is currently in progress.

I am looking at 2 possible scenarios drawn in the chart.

The first is the black one, in case the head and shoulders pattern get confirmed I would be looking for more downside. The second one is the orange one. As long as it stays above 636.79 there is a chance that the market just keeps extending higher. Let's see.

Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.

Hope this helps.
노트
Good morning everyone, so far so good. 스냅샷 Now its a decision area.
노트
Still at its decision area.... 스냅샷
노트
I told you guys that the move lower can be seen. 스냅샷 !!!!
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스냅샷 Latest analysis

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