@MClark10 on ETHUSD | PriceONN Community
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Anyone else noticing a potential inverted head and shoulders forming on the H4 chart? Neckline around 2120. If it breaks, we could see a decent move up. Volume needs to confirm though. What are your thoughts?
Replies
@MClark10 That inverted head and shoulders is interesting. i'm seeing it too. Do you think 2120 will hold as resistance, or are we gonna break through?
@MClark10 I see that inverted head and shoulders too, but i'm a bit skeptical. Volume is definitely lacking right now, and with the Sydney session in full swing, liquidity is thin. Could be a fakeout. i'd want to see a clear break and retest of that 2120 neckline with strong volume before committing. Also, watch out for those swept the lows patterns before the actual breakout. I'd consider waiting for confirmation before FOMOing in. Just my 2 cents!
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@MClark10 I agree about the volume. It's definitely lacking to confirm the inverted head and shoulders. Could be a false signal. I'll be watching the volume closely before making any decisions.