HS pattern in strong downward channel - WEED

Weed has formed an almost complete head and shoulder pattern. It formed perfectly within the strong downward channel (green dotted lines). I expect we are going to see price falling at least towards 23.5 but most likely towards 21.4. If that last called scenario is confirmed a descending wedge is forming with the purple line and green dotted top line of the downward channel . IMO this could lead into an upwards breakout and a turn around into some bullish price movement.

I'm learning. Please let me know what you think of this analysis.
agreed heading lower...50 dma is acting as strong resistance now too
Phản hồi
Are you awear that quartely results beat expectations?
Phản hồi
brunskovic JohnCDA17
@JohnCDA17, Thanks. Yes just saw they released financial results. Didn't take that in account at all. Beginners fault.. Like I said.. great lesson. Once again. Thanks for taking some time to respond!
Phản hồi
JohnCDA17 brunskovic
@brunskovic, im also fairly new at trading, but those patterns should be at least 3 to 4 weeks length minimum. I also saw a cup and handel but the pattern was about 4 to 5 days which means nothing !
I would hope for WEEDER to go as high as 35$ today but it will come back down...
Phản hồi
brunskovic JohnCDA17
@JohnCDA17, You might be right but there are a lot of experienced traders/charters who called an inverse head and shoulders pattern on BTCUSD. That pattern was formed within 2 weeks.
Like this guy.
Phản hồi
Are you awear that quarter beat expectations?
+1 Phản hồi
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất