Matic formed a head and shoulder pattern

3 Oca 2022

MATIC placed on the support. While it formed a head and shoulder pattern which causes the chart will see lower prices in short term, the chart created higher and higher bottoms in 1D timeframe which means the chart is collecting its power to break its ATH. Then, if the chart breaks its support with a strong candle, I will open a short position for its lower target till the chart shows me some evidence of reverse.

7 Oca 2022

İşlem kapandı: hedefe ulaştı

The chart reached to First target.
My personal strategy for this situation is that I guarantee my profit by trailing system and wait until I see evidence of reverse.