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j5150
Nov 25, 2021 4:52 PM

ETH IHS Complex Long

Ether / United States DollarCoinbase

Description

Complex Head-and-Shoulders Bottom: Identification Guidelines

Price trend Downward leading to the pattern

Symmetry The shoulders should bottom near the same price, be nearly the same distance from the head, and look similar to their mirror opposite

Volume trend Usually higher on the left side of the pattern. Trends downward 65% of the time. The link to the left gives an example and this link discusses performance.

Neckline Joins the highest armpits.

Confirmation The pattern confirms as a valid one when price closes above a down-sloping trendline or above the right armpit when the neckline slopes upward.


thepatternsite.com/chsb.html

Comments
NukeTheBlackCubes
Thank you for the writeup. I'm bad at IDing HS/IHS so this is really nice for me.
trytofeelpositive
nice chart bro, im bullish too,let's see what happens
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