BITFINEX:ETHUSD   Ethereum / Dollar
497 10 11
TRAINGLE FORMATION SIMILLAR TO OTHER TOPS.

SHORT WITH TIGHT STOP LOSS
Trade closed manually: I closed this trade at 13.00 and will wait for confirmation we are going lower to open my position again.
Trade closed: target reached: I reopened a short at 13.00 and we hit our 12.00 target. Closed my short at 12.25 but I believe we will still retest the 12.00 area. keep your Eye out for a Long position next!

Related Ideas

Thanks, keep us updated
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same here, i don't think we;re going lower than 13
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A wild and textbook head/shoulder has appeared. So a reversal to short is highly probable.
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A head and shoulder formation is bearish not bullish so it only confirms the short even further. What a head means is that price action tried breaking the highs and could not thus forming the familiar H/S.
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Dreeten StefanDino-Guida
yeah I meant a reversal from long to short (the H/S is the confirmation) . Maybe my sentence was not clear enough ;) , but I concur with your analyses on this downward trend, have been monitoring when the left shoulder started to appear :) .
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OHHHH yes I thought you meant we needed to long. Thanks my man!!
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Good Catch mate..
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Txs amigo!
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Yes im short here, lets see
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Cool!
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