15 min time frame is too short to find a reliable head and shoulder pattern
Galloleous
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@LionelSen, At least someone gives constructive criticism rather than being a snob. Longer time frames are where its at mate :)
LionelSen
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@Galloleous, A drop from 2550 to 2414 is a 5.33% change, be careful if you rely on that. In dollars it's huge, a 100$ difference! But on a 12h time frame that's a flat line. I like to not look at the full price so it becomes more stable. I see 25.50$ to 24.14$, and the head and shoulder pattern suddently dissapear.
The more you zoom out the more it become reliable. Pattern will be spot with bigger % change and also volume.
samedayjeremy
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it is not because the volume is decreasing, not increasing.
mike21ap
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Something is up, huge volume and a drop... dump before GDAX reopens... hmmm