Metal Inverse Head & Shoulders Pattern (Easy 70% Move)
Updated
Metal (MTLBTC) is now active in what people called the iH&S pattern.
The inverse head & shoulders do not need to be exact for me to be used as a signal.
As soon as you see the dips where the second one is the lowest point of the three, you have a reversal signal. I've seen this pattern many times before.
This is normally a bullish pattern.
Looking at other chart signals, we can also see a volume breakout and MTLBTC price moving above EMA10.
The green arrows show the potential bullish scenario.
The red dashed line at the bottom is the support/stop-loss.
Namaste.
The inverse head & shoulders do not need to be exact for me to be used as a signal.
As soon as you see the dips where the second one is the lowest point of the three, you have a reversal signal. I've seen this pattern many times before.
This is normally a bullish pattern.
Looking at other chart signals, we can also see a volume breakout and MTLBTC price moving above EMA10.
The green arrows show the potential bullish scenario.
The red dashed line at the bottom is the support/stop-loss.
Namaste.
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