Looking for a break to the upside of at least 20% after an Inverse Head & Shoulder pattern completed today :)
inverse h&s patern on the eth/usd daily chart. neck line is around the $214-15 mark. if the neck line is broken with volume we looking for a target of $255
On the 23rd Feb, Gold had a strong surge of 2.3% and gaped up, This shows that the price before the gap is a strong demand zone. Its now pulled back and closed the gap, after traders taking profits. the idea is that there are more orders to be filled at the 1647 level and could potentially push prices higher. open @1647 stop loss @1630 take profits 1686 this is...
A head & shoulder's pattern was successfully completed with a break of the neck line with good volume on the 23rd of Jan. Price action has since pulled back to the neck line, meeting resistance with both the neck line and a 20 & 50 day MA cross to the downside (adding confluence to the trade) I've opened the trade @1.10822 Stop loss is set just above the 200MA @...