10 minutes ago i shared same analysis but when i look again i have noticed this big down tren channel. Maybe it'll not lasts that way but i think it'll be similar.
My explanation that i shared before:
There is an obvious head&shoulders pattern but it'll not work that simple. And also the down trend channel had been broken, so price will continue it's down way on this descending trend, and after it will hit to the weekly ascending trend and will continue it's weekly rising way. I mean when we saw the head and shoulders pattern all of us had jumped in but price will not surrender that easy. Wait and see. Of course this is not an investment analysis or advice. Be careful.
My explanation that i shared before:
There is an obvious head&shoulders pattern but it'll not work that simple. And also the down trend channel had been broken, so price will continue it's down way on this descending trend, and after it will hit to the weekly ascending trend and will continue it's weekly rising way. I mean when we saw the head and shoulders pattern all of us had jumped in but price will not surrender that easy. Wait and see. Of course this is not an investment analysis or advice. Be careful.
Trade closed: stop reached