Maddie
Short

Beautifull Head and Shoulder pattern formed on Huobi

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
500 13 7
I was just watching Huobi today when I spotted this beautiful head and shoulder pattern! When the neckline was broken, my buy signals went of finally.

Our target is calculated just like the cup and handle pattern. Measure the distance between the head and the neckline, and that is approximately the distance that the price will move after it breaks the neckline.
Target: 3560-3470=90
3550+90=3640 (589,55)
If we break the neckline we will go up to 3700 (600)
Then back to the neckline and again up to 3769 (610)

If you like my analysis and my description, please like!
Have a great day! :)
---------------------------------------------
Tapped the wrong button --------------------------- LONG
The larger picture is that we are still going down and this bull trap is sadly only a dead cat bounce.
Reply
MoonTrader ChartArt
DOOOMMM!!!!
Reply
ChartArt MoonTrader
Boom, Boom, Boom, Boom!!
Reply
Maddie ChartArt
In my opinion we are trying to break 640 (590)
It that doesn't happen we will go down to the neckline again...
Reply
Maddie Maddie
*3640
Reply
Why did you put short instead of long?
Reply
Maddie MoonTrader
Just spotted the pattern when I was watching Huobi, thought maybe someone would like it!
Reply
The red "short" in your title suggests people should take short positions in anticipation of a move downward, but the inverse head & shoulders suggests up.
Reply
Maddie MoonTrader
Oh i'm sorry I tapped the wrong button.
Sorry i'm such a newbie.
Hope it won't bother anyone!
Reply
Not at all. Just making sure you knew. :)
+2 Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out