๐จโ๐Quick lesson ๐๐จโ๐
The below chart shows an Inverse Head & Shoulders pattern. Itโs a clue that the market might go up after being down.
- Left Shoulder, Head, Right Shoulder: Three dips, with the middle one (the head) being the lowest.
- Neckline: A resistance line where the price struggles to go higher.
- Breakout: When the price finally breaks through that neckline, itโs a signal the market might start rising.
This pattern means: the downtrend might be ending, and itโs time to watch for upward moves.#learningbyearning
$BTC
The below chart shows an Inverse Head & Shoulders pattern. Itโs a clue that the market might go up after being down.
- Left Shoulder, Head, Right Shoulder: Three dips, with the middle one (the head) being the lowest.
- Neckline: A resistance line where the price struggles to go higher.
- Breakout: When the price finally breaks through that neckline, itโs a signal the market might start rising.
This pattern means: the downtrend might be ending, and itโs time to watch for upward moves.#learningbyearning
$BTC