SHS formation says "sell"!

POLONIEX:ETHUSD   Ethereum / U.S. Dollar
215 0
So i'am very bearish here in medium term.
the red line is the neck line from SHS @4h chart
Comment: i will change my bearish stance of course if the neckline will be successful attacked.
Trade active: short @938$ SL, after succesful attack on the neckline, TP around 660$
Comment: Total marketcap have also SHS formation in play:

Comment: the neckline of Total marketcap's SHS was succesfully attacked, but for invalidation of such formation sometimes is used the blue line, called maybe "the shoulders line". Only attack of price above this line will definitely invalidate SHS formation.
Comment: For all the charts i use of course logarithmic view, because i found that fulfilling of formations like SHS works better than in arithmetic charts.
Trade closed manually: closed @ 829$ waiting for price action to renew entry
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out