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Head & Shoulders - Binance
Binance Coin
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Head & Shoulders - Binance
Oleh Novi_Fibonacci
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12 Nov 2023
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12 Nov 2023
Here I have BNBUSD on the 1hr Chart showing what looks to be a completed Head and Shoulders pattern!!
With price having tested the "Neckline" three times after completion of both Shoulders and the Head!
I believe what we will see next is the Bearish Break of the Neckline to validate the reversal pattern and continue LOWER!!
**Chart Patterns are known to fail 1/3 of the times so BEWARE OF FALSE BREAKS!!
-Pattern Prediction-
*If price Breaks and Closes above 255.1, pattern INVALIDATED!
*If price Breaks and Closes below 244.7, price action will initiate my Trade Action Plan!
12 Nov 2023
Komentar
We're falling back towards the Neckline!!
Bearish Patterns
Cryptocurrency
Head and Shoulders
pattern
Support and Resistance
Novi_Fibonacci
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