SHS formation says "sell"!

So i'am very bearish here in medium term.

Note

the red line is the neck line from SHS @4h chart

Note

i will change my bearish stance of course if the neckline will be successful attacked.

Trade active

short @938$ SL, after succesful attack on the neckline, TP around 660$

Note

Total marketcap have also SHS formation in play:

drive.google.com/open?id=19RTFdGHllJgst2G3h5GjmIF6cGtqFQPl

Note

the neckline of Total marketcap's SHS was succesfully attacked, but for invalidation of such formation sometimes is used the blue line, called maybe "the shoulders line". Only attack of price above this line will definitely invalidate SHS formation.

Note

For all the charts i use of course logarithmic view, because i found that fulfilling of formations like SHS works better than in arithmetic charts.

Trade closed manually

closed @ 829$ waiting for price action to renew entry

orminlange

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orminlange