Another Failed HNS Setup

21 ก.ย. 2021

Speculating on a Long here for a potential target of 56k close to October.
(Distance of Head + Right Shoulder + previous structure POC)

Negative Neckline, 0.5 FIB and volume POC to hold. (confluence).
Easy invalidation, good RR.

Invalidates if price closes below neckline/swing low support at 38k.

Appreciate any comments and criticism.

Thank you for your time!