google the complex head shoulder pattern the inverse head and shoulder failed to break out the diagonal resistance and dropping right now but there is a case for that, it happens when there is 2 shoulder on the left side of HS pattern so the HS pattern is not invalidated yet, it just turns into a complex or variation one the first step IMO watch out bull reversal...
I think this is what the bears are going for... They are trying to hold the bearish head and shoulders narrative...perhaps a "complex head & shoulders" which would compete with an Inverse head & shoulders that you see painted on left and below. Ultimately price will decide this, and of course that is decided by futures it seems short of any other fundamental...
After our last failed pennant uptrend, we have come to another pennant formation in a larger time frame with a complex H&S which relies on diagonal support! currently, the price action is below both ema's and entering a diagonal channel which won't have much time for reversal or the downtrend will continue. Rsi shows a very rare oversold and the Ichimoku...
It appears to me that bitcoin is topping and this is a significant top. It is known as a complex head and shoulders top and it is known this because it follows the same principle of a normal head and shoulders; however, there are multiple shoulders or multiple heads. It was difficult to spot for me due to the fact that the neckline is off, however, it can be...
Traders, Here we have BTCUSD 1D chart. Previously we had all these patterns in my last ideas for BTC here below: we had an opportunity to watch many patterns of H&S no matters bullish or bearish, but to be honest this rare to happens at this small time range with the same necklines to create a strong level that we had right now. This area was very hard...
Complex Head & Shoulders Bottoms patterns rarely confirm, so forgive me if wrong... TA is pure speculation and this analysis will confirm only if the price actions crosses neckline upwards.