aulakh03

Head & shoulder formation in 240 !!! Fall due !!!

Short
BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Head & shoulder pattern is in formation in 240 mins. A short can be initiated with a stop loss of 9940 for target of 9480 & 9180 .
As price level of 10000 is rejected two times in two days. Bulls are not able to extend the pull back from 200 ema in 240 . So breakout seems quite possible . To see bullish momentum 10000 level should be crossed with heavy volume which doesn't seem yet so a negative view is good for trading.