In my last post I warned the divergence ETH was creating at 4h. Now it seems wave B appeared sooner as expected, forming a possible Head and Shoulders. Volume now is decreasing, creating the perfect scenario for the bearish pattern. Correcting waves also end close to the neck of H&S. If price breaks the resistance then the pattern is invalidated.
Note
Congratulations to everyone who didn't get trapped!
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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.