BTCUSD WEEKLY SMALL INVERTED HEAD AND SHOULDERS FORMING TGT 50K
This is the weekly chart for the previous daily small inverted head and shoulders.
The two targets are for when using the chart for closing, that would be the lower target at 50855 and the higher target is for a candle high and low chart
The two targets are pointed to by blue arrows.
The outer black outside channel is the down trend. the uptrend within the downturn will clear around 50855; be alert to the resistance red horizontal lines and the upper part of the black down trend.
The two targets are for when using the chart for closing, that would be the lower target at 50855 and the higher target is for a candle high and low chart
The two targets are pointed to by blue arrows.
The outer black outside channel is the down trend. the uptrend within the downturn will clear around 50855; be alert to the resistance red horizontal lines and the upper part of the black down trend.