InvestingScope
Short

H&S completed. Important support test.

BITFINEX:TRXUSD   TRON / Dollar
TRXUSD has just completed a Head and Shoulders pattern on 1D ( RSI = 41.814, MACD = 0, Highs/Lows = 0), and last week's consolidation should be over as the right shoulder extension has reached the Lower High Resistance (bold blue line). Even if that doesn't hold, TRON will remain bearish within the 1W Channel Down ( RSI = 43.506, STOCH = 17.723, Williams = -91.877), so we will remain short with our TP = 0.01410 (December 16, 2017 low) intact.
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their is no head shoulder in play. right shoulder isn't even valid.
+2 Reply
InvestingScope InJayWeTrust
@InJayWeTrust, The H&S pattern commenced on Aug 14 and is displayed on 1D. This pattern is now completed as seen on our chart. Thank you for your contribution.
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InJayWeTrust InvestingScope
@InvestingScope, from sep. 4 to the 12th it came crashing down to the aug 14 support line. it never formed a neckline. if anything its a double bottom thats playing out
+3 Reply
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