Hello guys. just noticed the pattern and wanted to share the idea.
Both RSI and StochRSI agree that price gonna go up, but NOT MUCH. this may cause the Right Shoulder to emerge.
MACD in 2H candles already crossed over so price may go up in meantime. so maybe we see the right shoulder soon.
and if the price retraces proportional to the height of the head, we may gain the momentum we need for the future bullish movement.
Both RSI and StochRSI agree that price gonna go up, but NOT MUCH. this may cause the Right Shoulder to emerge.
MACD in 2H candles already crossed over so price may go up in meantime. so maybe we see the right shoulder soon.
and if the price retraces proportional to the height of the head, we may gain the momentum we need for the future bullish movement.
Trade active:
OK. so far, so good. let's see what happens in the next few days.
but can we be sure it is the right shoulder? the price is declining so fast that it looks like one.
is it the right time to go short? or should we wait a little bit more?
but can we be sure it is the right shoulder? the price is declining so fast that it looks like one.
is it the right time to go short? or should we wait a little bit more?
Comment:
wrong, so wrong. maybe it was a bullish head and shoulders?
Comment:
lol, i think I'm getting better. at least i know the difference between "convergence" and "crossover" now. :)) let's call it a progress.