ETH forming ihs

16 juin 2018

I will be patiently watching how this ihs in formation unfolds.
Drop below right shoulder should indicate failure.

16 juin 2018

Note

Additionally there is a small double bottom forming on smaller timeframes.

16 juin 2018

Note

See small blue parallel trendlines.

16 juin 2018

Note

I'm having some doubts this will succeed, as there is no buying pressure...

17 juin 2018

Note

And it did go up. I scalped a small short there, but nothing serious.
Let's see how this unfolds first. I got no better idea here.