I have noticed the two patterns in picture. Both are reversal patterns, so we should observe an upward movement. It confirms my Gartleys idea (check related) in the longer term.
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mozalin.cranz
There is no price action at the top of the diamond. This pattern is invalid. Moreover, you are just speculating head and shoulders that have not completed yet.
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Vatis
mozalin.cranz
thank you for your feedback. I think that you are right about the first remark. Of course, H&S is not completed yet, but there is a strong likelikood, that it will complete.
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MoonTrader
Vatis
I'm not so sure it is a strong likelihood because the right shoulder seems to be trailing off, which has happened before and was quite bearish.
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Vatis
MoonTrader
You were right - it probably failed.
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