Arash-RK

DYDX | Double top + Head and Shoulders

Short
Arash-RK Updated   
BINANCE:DYDXUSDT   DYDX / TetherUS
DYDXUSDT
The formation of a Head & Shoulders pattern along with a double Top, at the time of hitting and the below the 200 Moving-Average (MA 200) , are all signs of the beginning of a downtrend.
Trade entry points, below, the minimum price of the previous 3 candles.
Or using the Head & Shoulders pattern, and the entry price is below the neckline
Note: In the downtrend, we also have a price correction and a temporary upward movement.

✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
Comment:
please pay attention: I drew the left shoulder points wrong.
The slope of the neckline should be upward ( from left to right ) and the entry price will be higher.
please pay attention to this issue

Related Ideas

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.