Head and Shoulders market structure is forming. Short until the neckline ( yellow) or (red ; higher risk) and have stop loss above the left shoulder ( green).
Greetings Swing & Day traders of crypto. Today we have an interesting structure being formed on ETH/USD.
The Head is apparent and the right shoulder is currently being created. Watch for break of neckline. Long on break of trendline , break of neckline or retest of .382. Take profit at 0.5 if conservative or .618 at structure with a stop loss below neckline. If...
Head formed. Right shoulder currently being created. Watch for break of neckline. Long on initial pump or retest of .382. Take profit at 0.5 if conservative or .618 at structure with a stop loss below neckline
If price breaks downwards after rejecting from the highest high then this trade is live . I woud wait for it to break structure and short on the rejection from the neckline to a profit target of the trendline, (.618) or volume profile. Just a for fun idea , lets see what happens
Double bottom on the Daily at market structure with liquidity hunt of previous longs to fuel positions of institutions confirmed with massive volume shows a positive upside for TLRY in the near future.
If price holds orange support zone we have a chance at testing yellow resistance zone.
If Yellow support zone holds we may be able to touch the bottom of light green resistance zone.
Forming an inverse head and shoulders and a bull flag to confirm bullish bias.
Needs a bullish engulfing candle breaking out through the top of the pink channel or near the bottom of...
