avax short, Head and Shoulders
Head and Shoulders pattern as range deviation.
- Declining volume. Breakout + bearish retest with high volume.
- 55Ema as confluence. Should remain resistance, if setup is valid.
- Confirmation: Hiddenbearish divergence on neckline retest
Target: Volume gap at mid range level, head-neckline distance
- Declining volume. Breakout + bearish retest with high volume.
- 55Ema as confluence. Should remain resistance, if setup is valid.
- Confirmation: Hiddenbearish divergence on neckline retest
Target: Volume gap at mid range level, head-neckline distance
Trade closed: target reached
Target hit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.