This is not a buy signal, 1st confirmation will be breaking the channel, 2nd confirmation will be breaking the neck line on the INV H&S. Then you can begin to decide when it is a good time to buy.
Here we have a long term LEFT SHOULDER and HEAD. The idea is to trade the formation of the RIGHT SHOULDER. Currently EOS USD has bounced off the long term trend line / neck line and is FORMING an INV H&S pattern that should push EOS through the bearish channel. Once we have confirmed a break out of the bearish channel, we will want to see a break past the neck line on the INV H&S pattern, once this happens we can begin to look at the technical and decide the perfect time to buy!
Here we have a long term LEFT SHOULDER and HEAD. The idea is to trade the formation of the RIGHT SHOULDER. Currently EOS USD has bounced off the long term trend line / neck line and is FORMING an INV H&S pattern that should push EOS through the bearish channel. Once we have confirmed a break out of the bearish channel, we will want to see a break past the neck line on the INV H&S pattern, once this happens we can begin to look at the technical and decide the perfect time to buy!