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orminlange
4 de Fev de 2018 08:36

SHS formation says "sell"! Viés de baixa

Ethereum / US DollarPoloniex

Descrição

So i'am very bearish here in medium term.

Comentário



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

Comentário

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

Trade ativo

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

Comentário

Total marketcap have also SHS formation in play:

drive.google.com/open?id=19RTFdGHllJgst2G3h5GjmIF6cGtqFQPl

Comentário

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.

Comentário

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.

Trade fechado manualmente

closed @ 829$ waiting for price action to renew entry
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