Good evening Traders,
Like I have been warning you guys of a potential head and shoulders pattern in ETHUSD. It got confirmed with the break below the neckline. -->
So I am expecting now more downside to follow the areas mentioned above. From there it should give us a bounce higher. That area will be the completion of the head and shoulders pattern. So a recovery can be seen higher. Lets see.
This view will be invalid once it breaks 355.93 low.
Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
Like I have been warning you guys of a potential head and shoulders pattern in ETHUSD. It got confirmed with the break below the neckline. -->
So I am expecting now more downside to follow the areas mentioned above. From there it should give us a bounce higher. That area will be the completion of the head and shoulders pattern. So a recovery can be seen higher. Lets see.
This view will be invalid once it breaks 355.93 low.
Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
Comment:
Seems like the bounce has started.
Comment:
very precious forecast, hopefully, it bounces now higher.
