Possible H&S and reverse of ultra-short downtrend
Unfortunatelly 625 level didn't hold. So last chart (tradingview.com/v/VvmsQMrj/) is a filure. My second possoble-shortterm trendline (purple-blue) fallen as well.
Today I finally recognized 4h H&S pattern which - if we dived deep, below a neckline on 616$ - would mean next, agressive move down, to 590 level even.
For now neckline is fine, not broken, so we can theoretically turn upward here.
Resistance expected on 636, 658-660 levels. After that, we can jump in to 700 level even.
Today I finally recognized 4h H&S pattern which - if we dived deep, below a neckline on 616$ - would mean next, agressive move down, to 590 level even.
For now neckline is fine, not broken, so we can theoretically turn upward here.
Resistance expected on 636, 658-660 levels. After that, we can jump in to 700 level even.
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