Violent inverted head and shoulders on BITCOIN on 4h
swing-trading-strategies.com/wp-content/uploads/2012/08/inverse-head-and-shoulders-swing-trading-system.png
Have a look what is a inverted head and shoulders up !!
Now let's look at our chart and we will have:
neckline to beat at 3200
Don't expect that chart patterns will look exactly one like the other ... the point is to understand where price hit when it goes down and where price hit when it goes up :
According to Fibonacci retracement if we break out from this fast created inverted head and shoulders then we will have resistance at :
3800
4700
5500
Have a look what is a inverted head and shoulders up !!
Now let's look at our chart and we will have:
neckline to beat at 3200
Don't expect that chart patterns will look exactly one like the other ... the point is to understand where price hit when it goes down and where price hit when it goes up :
According to Fibonacci retracement if we break out from this fast created inverted head and shoulders then we will have resistance at :
3800
4700
5500
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