XRP breaks well above inv h&s neckline forms higher high
Updated
You can see here on the 1 day chart that price has broken well above the neckline but is seeing resistance right at this blue horizontal line...what you cant see here is that the candle has already thrown a tiny wick above that line thus forming a higher high over the green candle where the horizontal line starts...in doing so XRP has broken the inside bar consolidation of that candlestick and now has a very high probability of going higher than that line and thus triggering and confirming the breakout from the head and shoulders pattern...We have also reached the small symmetrical triangle hidden in the right shoulders breakout target like I said we would do in the last video. So probability highly favors we trigger this head and shoulder pattern if so the target will be close to the black box near the top of the chart. Thanks for reading *not financial advice**
Note
s3.amazonaws.com/tradingview/snapshots/1/15ZXlfSO.png As I anticipated the price action is making a pit stop right at the initial symmetrical triangle breakout target with precision:
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