I been eating off this right shoulder from a head and shoulders pattern.
Can you spot the smaller head and shoulders on the 15 minute Time frame?
Notice how the right shoulder formed
Its currently making a retracement to the yellow line that has a high probability due to the bearish market the double head and shoulders pattern the one on the higher time frame and the lower time frame which is 15 min TF.
On top of that the right shoulder has just formed on the 15m TF and now is making a retracement before making its distribution push towards the downside on the 4h USED red line at the bottom.
Nice set up get ready for a high probability sell
Can you spot the smaller head and shoulders on the 15 minute Time frame?
Notice how the right shoulder formed
Its currently making a retracement to the yellow line that has a high probability due to the bearish market the double head and shoulders pattern the one on the higher time frame and the lower time frame which is 15 min TF.
On top of that the right shoulder has just formed on the 15m TF and now is making a retracement before making its distribution push towards the downside on the 4h USED red line at the bottom.
Nice set up get ready for a high probability sell