Metal (MTLBTC) is now active in what people called the iH&S pattern.
The inverse head & shoulders do not need to be exact for me to be used as a signal.
As soon as you see the dips where the second one is the lowest point of the three, you have a reversal signal. I've seen this pattern many times before.
This is normally a bullish pattern.
Looking at other chart signals, we can also see a volume breakout and MTLBTC price moving above EMA10.
The green arrows show the potential bullish scenario.
The red dashed line at the bottom is the support/stop-loss.
I'm use to things taking there time and consolidating around the target areas, not just long wicks, should I always have sell orders in play??
Seems so with this one... Thanks for your charts Alan Masters!!