You are viewing a single comment's thread from:
RE: MONERO (XMR) Update: Oversold on hourly?
Thanks for the update @haejin. I learn a lot by reading your posts.
I see a Head and shoulders formed. But maybe I am wrong?
Thanks for the update @haejin. I learn a lot by reading your posts.
I see a Head and shoulders formed. But maybe I am wrong?
I don't see one. Can you post a chart with markings?
Sorry I am just starting to learn and I have a lot of progress to make :)
Here is a chart with what I thought was a H&S : http://imgur.com/a/c6thu
It's possible! But symmetry is key. If the shoulders are near identical, the more strength. Also, volume should have same peaks with the Head volume highest.
I've seen these irregulars actually happen, so draw the neck line and see if prices convincingly drop below and stay.
I see! Thanks :)
I can see where you are coming from. It's Head and shoulder-ish but not quite.
Why "not quite" ?
Sorry, I am a beginner!
I'm also a beginner to TA. I said "not quite" because the pattern seemed a bit distorted version of Head and shoulder. As @haejin said, symmetry is key.