BITSTAMP:BTCUSD   Bitcoin / Dollar
169 6 2
There is a H&S pattern on the horizon.
Trade closed: stop reached: This is all wrong... My bad, my bad.. please ignore this chart.
Order cancelled: This is all wrong.. :(
I don't consider this a H&S - the right shoulder extends below the head, invalidating the formation.
+1 Reply
oldstout lonestar108
Yes. This is not HS. Inverse HS pattern has head lower than shoulders.
Reply
GeorgeCass oldstout
Thanks for clarifying this... But if my chart comes true I'm kicking both your butts.. @lonestar108 and @oldstout
Reply
lonestar108 GeorgeCass
Hey no worries George, not suggesting you should close your trade, just pointing out what I see on your chart. Happy trading!
Reply
GeorgeCass lonestar108
My bad.. At work when I did this... sorry... Trying to delete this chart.
Reply
I believe H&S are better visualized on line charts, candles are useful for other types of things.
Reply
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