BTCUSD
Head & Shoulders pattern still looks ok, but you have bullish micro consolidation. #bitcoin #crypto From AI
A head and shoulders pattern can fail for a number of reasons. Some of the most common reasons include:
The price does not break below the neckline.
The shoulders are not significantly lower than the head.
There is not a significant increase in volume on the break below the neckline.
The price breaks below the neckline but then immediately rebounds back above it.