SHS formation says "sell"!

So i'am very bearish here in medium term.

Bình luận:

the red line is the neck line from SHS @4h chart

Bình luận:

i will change my bearish stance of course if the neckline will be successful attacked.

Giao dịch đang hoạt động:

short @938$ SL, after succesful attack on the neckline, TP around 660$

Bình luận:

Total marketcap have also SHS formation in play:

drive.google.com/open?id=19RTFdG...

Bình luận:

the neckline of Total marketcap's SHS was succesfully attacked, but for invalidation of such formation sometimes is used the blue line, called maybe "the shoulders line". Only attack of price above this line will definitely invalidate SHS formation.

Bình luận:

For all the charts i use of course logarithmic view, because i found that fulfilling of formations like SHS works better than in arithmetic charts.

Giao dịch được đóng thủ công:

closed @ 829$ waiting for price action to renew entry