Understanding the Head and Shoulders Chart Pattern:

- Formation: Consists of two smaller peaks (shoulders) on either side of a higher peak (head).

- Breakout Confirmation: Occurs when the price breaks the neckline after forming the second shoulder, signaling a potential trend reversal upward 🔼

- Target: The move's potential height can be estimated from the head's height added to the breakout point.🎯💵

This pattern is a classic reversal indicator, great for identifying entry points🔼✔️

Coach 🥳

Symmetrical triangle forming in #RVN and possible to reach$0.038 level if breaks this resistance.

DYOR

🥳@Coach

#BSV forming a falling wedge. Possible to reach $100 mark again if breaks this pattern.

Keep an eye on this.

🥳@Coach

🚨JUST IN: Bitcoin Price Hits Above 70k 🚨

🥳@Coach

💬 Trading Tip of The Day  👇

A Rising Market Benefits Almost Everyone, But Only Temporarily;

It Eventually Exposes Those Who Aren't Prepared For Pullbacks Or Bear Markets.

@Coach 🥳

#LOOM Falling wedge is about for a breakout 🔼📈

🥳 @Coach

#LOOM Breakout alert 🚨

🥳 @Coach

#AXL BUY SETUP

STOP : 0.9782$

🥳 @Coach

#AXL loading for the breakout ! Keep an eye with tight stops 🔼

🥳 @Coach

#BNB 🔶 Hit 700$ 🔼

🥳 @Coach

#NFP falling wedge spotted in 1D time frame. Currently at the fibonacci golden zone.

Pump can be expected if breaks the resistance.

DYOR

🥳@Coach

#API3 BUY SETUP [ Major breakout pending 🔼📈 ]

🥳 @Coach

#API3 Breakout alert 🚨📈

🥳 @Coach

Top 5 Market Moving News 🗞️✔️

@Coach 🥳

🚨 BREAKING NEWS 🚨

$NVDA reaches all-time high, crosses $3 trillion market cap for first time 💵🔼

@Coach 🥳

#ONG possible to touch the support again before break the resistance zone in 1D time frame.

Symmetrical triangle in forming and breaking its’ resistance may result in touch $3 again?

🥳@Coach

LATEST FACT: 🇺🇸 US Spot Bitcoin ETFs Now Hold More Than 5% of the Total Bitcoin Supply.

🥳@Coach

Navigating the Falling Wedge

1️⃣ Setup:Identifying the Pattern: The falling wedge forms during a downtrend but suggests an upcoming bullish reversal as the lines converge.

2️⃣ Fibonacci Retracement: Look for key retracement levels like 0.618 as potential entry points when the price breaks the wedge pattern. 📉➡️📈

3️⃣ Support Zone: This area often acts as a strong buying pressure point, hinting at where to consider entering trades.

4️⃣ Market Strategy: It's usually more advantageous to go with the bullish momentum of the main trend rather than against it.

Aim to trade with the trend for a smoother path to profit 💵🔼

@Coach 🥳

#ID Minor breakout loading ! 🔼📈

🥳 @Coach