ETHUSD inversed head and sholders
Updated
As mentioned in previous post the head was a failed sell attack attempt. Now, to stay in trend we shell print right shoulder and proceed with wolfe pattern pattern (oversold results leter in overbought. THe dark blue line presents a projection of a target resistance for wolfe pattern
Trade active
it worksComment
H&S now fully confirmed. Proceeding higherComment
First big stop: this raising channel's top.Comment
I still believ that the wolfe wave target is reasonable.Please be aware that the deep blue line shows the rule of setting the target. The detailed angle is not my concern and will vary from trader to trader by factors dependent on if one uses body or knots of candles and the timeframe used.
Trade closed: target reached
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