Shotokhan

Possible head and shoulders

Short
Shotokhan Updated   
KRAKEN:YFIEUR   Yearn Finance / Euro
The pattern is clear, the indicators though are not confirming the hypothesis except for Stochastic which has crossed downwards and RSI which is unclear. Lately TFI has had a great run so I suppose retracement is possible, looking at YFIUSD I saw another H&S in the past.
Comment:
It's currently forming a triangle at 30m timeframe, max target 35€. However, today there was that market dump which could have messed up things so use stop losses when you trade!
Comment:
during EU night it derailed from the triangle patterne just to go back there so the analysis is still valid but new target is now 34.4€

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