ETH inverted head & shoulders h4

24 thg 9, 2022

High probability that this plays out since we are close to an important support on this wide descending channel, we haven't taken liquidity from longs for a while. I'm still bearish overall but i believe this will play out until the middle of the descending channel to then hit the bottom part of it later.

24 thg 9, 2022

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Scenario still in play, we went to get some liquidity under 1310, i'd say a close 1H under 1300 would cancel this scenario. Stop 1295 from 1315 level as of now, with an objective of 1380/1400/1425 would give you a great RR. I posted at 1333 which didn't give as good of a RR as of now so if you're late...
If close under 1300 in h1, wait for retracement to look for 1265 and 1225, going lower now is unlikely until monday and the opening of indexes. (Being at multi-month support)