LCT/USD head and shoulders

Jan 27, 2019

So I've started seeing some patterns in the LCT/USD stock. You can see how it exited the support and created a head and shoulders pattern.

Jan 27, 2019

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I guess it's going to bounce on the underside of the old support and go downwards.

Jan 28, 2019

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As the night passed, it ended the head and shoulders pattern as I thought but I'm still not that happy. As you could see it went downwards way to early and I don't know why, I will have to look into it.

Jan 28, 2019

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What I think happened was that as the right shoulder was being created, it went through the EMA line with a bit of momentum. But after it passed through the line, it suddently lost some of the momentum. Later the sellers started kicking in and made it go downwards. You can see that later the buyers were still there doing... I don't know what, because you can see some fluctuation in the downwards right shoulder.

Jan 28, 2019

Trade closed manually