Sive-Morten

Minor re-shaping of the pattern

COINBASE:BTCUSD   Bitcoin
Morning folks,

So, today we do not need to do many things - just re-shape the pattern a bit, as we've got the right arm's bottom, and now we could set the potential target of this H&S pattern. Supposedly, we watch for 2nd leg of downside retracement starting point around $61.75K. It means that downside target also will be higher - not at 42 but around $44K. There are another nuances exist around this pattern, you could watch them in the video on FPA site.





Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.