Head and shoulder on 4 hr ETHUSD?

Please do your own research and this is not any shape or form of financial or trading advise. In fact, do not believe a word I am saying here nor analyze the illustration posted here. I am simply expressing my thought process based upon my experience. Your experience may be different or similar which does not make you or me wrong or right.


I was looking at 4 hr chart of ETHUSD and noticed head and shoulder drawn in the magenta color.