EOSUSD: Head & Shoulders As Trend Reversal Pattern

The price forms a trend reversal chart pattern like Head & Shoulders . If the price breaks the neckline, this pattern will be confirmed. The estimated target for the downward movement will be the zone between SMA200 and 3.45 support level .

Also, I advise you to read my other posts about this market. You can find them in the related ideas. It will give you better understanding about the possible market movement based on higher timeframes.

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is this failed trade? I went for long anyway tho

I admire your work but I don't know how you became so famous considering that your work failed time to time.

No disrespect seriously. don't get me wrong.
good trap thank you
Nice catch, thanks!
DLavrov NLHybrid
@NLHybrid, you are welcome!
@DLavrov, The previous post , you said that EOS will reach 4.6 $. We should wait the retracement and buy it. Is this strategy still right ? Thanks
DLavrov teppi020387
@teppi020387,yes, the price broke the downtrend line and gave a buy signal based on the daily chart. Now we can see that the market can move back an it will be the retracement from the lower timeframe. After the reversal from the support zones, there will be new buy opportunities.
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