Wow! Complex Invert Head & Shoulder inside an Isosceles Triangle
已更新
In a previous analysis (Jan 19), I had already identified this possible complex Inverted Head & Shoulders !
It is composed of a double head and an inner small inverted H & S in the right shoulder
as explained on the link that I had already given in comment of my previous idea.
Above all, everything seems to fit inside an isosceles triangle!
This pattern is composed of two straight lines, one bullish and the other bearish.
The two lines are roughly equivalent, the triangle to be valid must have at least 4 impacts, two on each line, which is the case here.
This kind of pattern takes shape after a strong upward or downward movement. In our case, it is due to the decline of the end of 2019!
During this period, stakeholders are wondering what trend to give the market.
The main purpose of this triangle is to be able to give a precise objective of the movement at the exit.
Inside the triangle it's very difficult to guess the tendency to exit, but when the output is done you can easily give a goal.
To be valid, the exit in this kind of configuration must be done before the last quarter of the triangle,
if the exit is done after, the figure is no more valid and the given signals will be false or unreliable!!
The volumes when entering the triangle must be rising, inside the triangle they must be packed, which is the case here!
... until the exit which must be done with a maximum of volumes. The larger the volumes, the more likely the goal will be realized.
The objective can be calculated in two ways, the first is to postpone the height of the triangle taken at the second impact (arrow inside the triangle), the exit point of the value of the figure (arrow at break of the triangle ). This gives a precise objective of the increase.
The other method is to draw a parallel, to the right that has not been broken, passing through the vertex of the triangle.
This method is more approximate, but it gives an idea of the objective.
There are limitations, the goal must be achieved before the two straight components of the triangle meet.
If this is not the case the objective can be achieved but nothing guarantees it!
It is composed of a double head and an inner small inverted H & S in the right shoulder
as explained on the link that I had already given in comment of my previous idea.
Above all, everything seems to fit inside an isosceles triangle!
This pattern is composed of two straight lines, one bullish and the other bearish.
The two lines are roughly equivalent, the triangle to be valid must have at least 4 impacts, two on each line, which is the case here.
This kind of pattern takes shape after a strong upward or downward movement. In our case, it is due to the decline of the end of 2019!
During this period, stakeholders are wondering what trend to give the market.
The main purpose of this triangle is to be able to give a precise objective of the movement at the exit.
Inside the triangle it's very difficult to guess the tendency to exit, but when the output is done you can easily give a goal.
To be valid, the exit in this kind of configuration must be done before the last quarter of the triangle,
if the exit is done after, the figure is no more valid and the given signals will be false or unreliable!!
The volumes when entering the triangle must be rising, inside the triangle they must be packed, which is the case here!
... until the exit which must be done with a maximum of volumes. The larger the volumes, the more likely the goal will be realized.
The objective can be calculated in two ways, the first is to postpone the height of the triangle taken at the second impact (arrow inside the triangle), the exit point of the value of the figure (arrow at break of the triangle ). This gives a precise objective of the increase.
The other method is to draw a parallel, to the right that has not been broken, passing through the vertex of the triangle.
This method is more approximate, but it gives an idea of the objective.
There are limitations, the goal must be achieved before the two straight components of the triangle meet.
If this is not the case the objective can be achieved but nothing guarantees it!
註釋
Wider view very interesting to compare with the descending triangle of 2018:(click the graph to display the educational content)
As we see for the descending triangle drawn above for the period October and early November 2018, Bitcoin has the unfortunate tendency to do its triangle exits at the end of their peak.
The current horizontal "range" therefore has a tendency to stretch in time, the hesitation and therefore the inaction of market participants being at its peak!
But be careful, the more you compress a spring, the more its extension will be brutal!
註釋
Triangle always perfectly symmetrical with currently known points of impact A-B-C-D:Point A: 11-28-2018
Point B: 12-15-2018
Point C: 12-24-2018 = 1st quarter of the triangle (~ 30 days)
Point D: 01-28-2019 = 2nd quarter (half) of the triangle (~ 60 days)
The triangle will be validated if it complies with the previously stated rule:
"To be valid, the exit in this kind of configuration must be done before the last quarter of the triangle"
= The last shift begins in 30 days, approximately February 28, 2019.
In order for the isosceles triangle to be valid, the Bitcoin price must be raised above the $ 4,000 before March 1, 2019: only in this case will it be possible to validate the target of almost $ 5,000, per report: from the triangle height to point C (not far from $ 1000).
註釋
Be careful, Bitcoin has eradicated its ultimate Dip of January 12, 2015 thanks to a much larger Isosceles Triangle that has mainly generated in its output a Bull Trap directly followed by an Ultimate Bear Trap (peak output value / 2 !!) Nevertheless, note the power that had this Symmetrical Triangle + his Bear Trap to launch the Bullrun of 2015-2017 ... it is a very interesting pattern:
交易進行
We validated the point D by a rebound ($ 3424):註釋
Price evolution : it always follows my track (in yellow) but the return of the transaction volumes is not expected
交易進行
Remember in my initial description:"The volumes when entering the triangle must be rising, inside the triangle they must be packed, which is the case here!
... until the exit which must be done with a maximum of volumes. The larger the volumes, the more likely the goal will be realized. "
Have a nice week end!
交易進行
Remember in my initial description:"To be valid, the exit in this kind of configuration must be done before the last quarter of the triangle,
if the exit is done after, the figure is no more valid and the given signals will be false or unreliable!!"
交易結束：目標達成
$ 5,000 crossed this day at 5am.See you soon for new publications :)
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