We've all seen this pattern being pushed out - However there seems to be a lot of talk saying that it has invalidated.
It has not, and is still very much in play - The left shoulder has a "W" within it, and as such I expect the same to be played out with the right shoulder, as marked in white.
To get a potential breakout target, I worked out the difference between the neckline and the peak of the head, and then marked that distance out from the top of the neckline, which is where the breakout should happen.
It has not, and is still very much in play - The left shoulder has a "W" within it, and as such I expect the same to be played out with the right shoulder, as marked in white.
To get a potential breakout target, I worked out the difference between the neckline and the peak of the head, and then marked that distance out from the top of the neckline, which is where the breakout should happen.
Note
Forgot to mention - the right shoulder peak is perfectly sat around the 
64K mark with the fibonacci retracement
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Come join me over at Cryptohub - The number 1 place for all things Crypto:
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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.