If this
SHIBUSDT
Head and Shoulders pattern is confirmed, its measured move is 20%.
Other factors supporting an H&S occurring are price broke below last week's low, price is under the ema ribbon, price is below the Ichimoku cloud, and RSI is in bear territory.
If the trade is triggered by a confirmed Head and Shoulders, using TradingView's VStop MTF indicator is a reliable way to trail your stop.
Best.
Cryptobolic_
SHIBUSDT
Head and Shoulders pattern is confirmed, its measured move is 20%. Other factors supporting an H&S occurring are price broke below last week's low, price is under the ema ribbon, price is below the Ichimoku cloud, and RSI is in bear territory.
If the trade is triggered by a confirmed Head and Shoulders, using TradingView's VStop MTF indicator is a reliable way to trail your stop.
Best.
Cryptobolic_