Hello everyone! Sorry if something on this thread is done poorly, but it's my first publicated idea.
So, I'm a novice in this, but I think people maybe be looking at the head and shoulders pattern on BTC the wrong way. But do correct me if I'm wrong. Shouldn't the neck line be drawed from the bottom previous to the highest high, and the low after that forward? Because it seems people are drawing it wrong, if that's the case, because the low before the highest high, is on 24 of March, everyone is drawing it from the low of 28 of february. Funny thing is, if you draw the neck line from the low of 24 march, the high of 15 june lines up perfectly with a re test of that resistence.
I would like to include an image to go with this, but unfortunatly, as I said, it's the first time I do this and I don't know how to put an image here.
Thanks to everyone in advance for the attention, and feel free to give educational inputs!
So, I'm a novice in this, but I think people maybe be looking at the head and shoulders pattern on BTC the wrong way. But do correct me if I'm wrong. Shouldn't the neck line be drawed from the bottom previous to the highest high, and the low after that forward? Because it seems people are drawing it wrong, if that's the case, because the low before the highest high, is on 24 of March, everyone is drawing it from the low of 28 of february. Funny thing is, if you draw the neck line from the low of 24 march, the high of 15 june lines up perfectly with a re test of that resistence.
I would like to include an image to go with this, but unfortunatly, as I said, it's the first time I do this and I don't know how to put an image here.
Thanks to everyone in advance for the attention, and feel free to give educational inputs!