Bearish Signals Ahead:Pattern Could Trigger a Downtrend
hello guys.
let's analyze btc!
Pattern Formation: The chart shows a classic "Head and Shoulders" pattern, a bearish reversal indicator. The pattern consists of a left shoulder, head, and right shoulder.
Resistance Level: The recent price action reached a resistance zone, forming a double top near 69,000. This is a key level where sellers have shown strength.
Blue Zone (Engulfing Condition): If price can break and close above this blue highlighted area, it could indicate a possible bullish recovery.
Potential Downward Movement: If the pattern plays out as expected, and price breaks below the neckline support (around 66,500), it may confirm the downtrend, targeting lower levels.
Key Support Zone: The ultimate support is marked around 64,500, where buyers might look to enter if price declines.
long story short, get a short position and put your stoploss behind the blue area if your stoploss hits then change the strategy to long! until the $69020 area!
short target is $64503
let's analyze btc!
Pattern Formation: The chart shows a classic "Head and Shoulders" pattern, a bearish reversal indicator. The pattern consists of a left shoulder, head, and right shoulder.
Resistance Level: The recent price action reached a resistance zone, forming a double top near 69,000. This is a key level where sellers have shown strength.
Blue Zone (Engulfing Condition): If price can break and close above this blue highlighted area, it could indicate a possible bullish recovery.
Potential Downward Movement: If the pattern plays out as expected, and price breaks below the neckline support (around 66,500), it may confirm the downtrend, targeting lower levels.
Key Support Zone: The ultimate support is marked around 64,500, where buyers might look to enter if price declines.
long story short, get a short position and put your stoploss behind the blue area if your stoploss hits then change the strategy to long! until the $69020 area!
short target is $64503
Not
it is a more common scenario that could happen!
İşlem kapandı: hedefe ulaştı
the second scenario hit the target
👉 my broker:: bit.ly/HYMCMELI
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
👉 my broker:: bit.ly/HYMCMELI
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.