Alright, traders, buckle up. What you’re looking at isn’t just a chart—it’s a warning shot. Let’s break down the head and shoulders pattern forming.
Head and Shoulders?
Classic textbook stuff. But don’t get comfortable. That neckline at 68,285 isn’t just a pretty yellow line—it’s the price’s last line of defense before it nosedives into the abyss.
Let’s connect the dots:
Momentum? Fading faster than New Year’s resolutions. (Look at that RSI—she’s screaming bearish.)
Buyers? They’re running out of steam, and it’s not looking pretty for the bulls.
But here’s the kicker: When (not if) that line breaks, the price could freefall faster than your hopes in a Monday morning meeting.
So, what’s your play?
Sit there, fingers crossed, hoping the neckline holds? Or take action, position yourself, and ride the wave down like the shark you are?
Your choice. But remember—trading isn’t about hoping; it’s about acting.
Let’s see who’s ready to capitalize and who’s stuck waiting on miracles.
Feel free to screenshot this when the price hits new lows and say you were here first.
Wondering what’s next after the neckline? Dive into our Discord for real-time insights and actionable strategies and join in the conversation on our trading view where traders are debating this prediction.
HEAD AND SHOULDERS: NOT JUST A SHAMPOO by EdgeDotForex on TradingView.com
