USD/CHF has been gaining momentum, the monthly and weekly candle both show respective bullish shifts around the 0.9900 regions, am expecting the price to hedge slightly higher to create a right shoulder, which is also in alignment with the 78.6% retracement region.
CMIIW it just rough idea, not for trading advice
I draw 2 HS pattern
1 with red color, hit 1440
1 with blue color, hit 1420
About 1440 and 1420 could be seen on my previous ideas about 4h chart there is 2 black circle one at 1440 area 1 at 1420 area
BIG NOTE: it could move to 1437 and 1417, so 1440 and 1420 just rough estimation from drawing
We can see here a lovely head and shoulders forming on daily chart showing a potential drop equal to the neckline as drawn out on chart. TP will be set at 1431, should see over the next few weeks. This is just a pattern analysis, do not take my words for gospel.
Quite an interesting find here, theres 2 head and shoulder patterns here on btc/usd - coinbase - 15m charts, and they both happen to share a shoulder! Could this mean we are bound for a catastrophic dump?