This 15-minute and 1-hour #Head-and-Shoulders pattern is not the only one I discovered. There is a huuuge inverted 4-hour Head-and-Shoulders spanning for over 5 days looming below, and these two Head-and-Shoulders are converging at the area between $95000 and $95800. What do you think will happen next?
Here's the same in the 1-hour scale for clarity:
The volumes seem to be supporting a drop to the convergence area. Oh, and the 1-hour ichimoku cloud base and conversion bands are about to cross too.
Like the trend lines
I like drawing them. 😅
When the red and blue lines cross on the 1-hour chart (edit: not 4-hour like I previously wrote), the downtrend will be confirmed.
This 15-minute and 1-hour #Head-and-Shoulders pattern is not the only one I discovered. There is a huuuge inverted 4-hour Head-and-Shoulders spanning for over 5 days looming below, and these two Head-and-Shoulders are converging at the area between $95000 and $95800. What do you think will happen next?
Here's the same in the 1-hour scale for clarity:
The volumes seem to be supporting a drop to the convergence area. Oh, and the 1-hour ichimoku cloud base and conversion bands are about to cross too.
This is an interesting chart to study.