As you can see in this chart price has completed head and shoulder pattern but at the same time price is soon reaching to strong resistance level which will result in huge sell off.
I believe price will hit to the half target of head and shoulder pattern then begin to fall.
In other words this pattern is going to be a trick to trap retail traders in long positions.
Good luck
I believe price will hit to the half target of head and shoulder pattern then begin to fall.
In other words this pattern is going to be a trick to trap retail traders in long positions.
Good luck
Commentaire:
Get ready short area soon gonna be reached
Transaction en cours:
short active