Hi all
This is my first post and am in the process of learning. This is just to get as many ideas/ inputs from all and to share my point of view. On the 4hr chart i see a potential H&S pattern. I measured the Head height and looked for the next support level down. So according to my analysis, the price may go down upto 0.3cents. Only if the H&S pattern becomes valid.
Please have a look at my chart and give inputs. This is not a financial advice. DYOR before investing.
Thanks
This is my first post and am in the process of learning. This is just to get as many ideas/ inputs from all and to share my point of view. On the 4hr chart i see a potential H&S pattern. I measured the Head height and looked for the next support level down. So according to my analysis, the price may go down upto 0.3cents. Only if the H&S pattern becomes valid.
Please have a look at my chart and give inputs. This is not a financial advice. DYOR before investing.
Thanks
Trade closed: stop reached:
Seems my analysis was wrong. i see that when ever the general trend says " it will go up", in reality the market goes the other way.