With price formation like this...

i'am waiting for attack of "bull" accordingly to this formation, in other case i'am waiting stil for 7000 area drop, from my previous idea.

This is not trading advice!

The system below is not for 15min chart of course so dont look at it.

With lowering of volume since left shoulder to right shoulder this formation should be more reliable.

Commentaire:

target is around 8850 but retest of the neckline should be done if not formation is not for play only fora watching.

Commentaire:

return to the black line will be good too

Commentaire:

Market has retested higher neckline (made from shadows). Will the market retest lower neckline (made from candles closing points)?

Commentaire:

The rule says that, if (I)H&S formation is invalidated, it can cause strong move in oposite direction. Lower redline needs to be broken to cause that move.

Commentaire:

Touching od the redline is sign for me that downtrend should continue. But who knows what whale will prepare.

Commentaire:

One of rules that i have from other markets than crypto is that failed H&S formations are causing most probably moves in the opposite direction