A Much Larger Head and Shoulders!

27 Feb 2018

Now, as probably the grand majority of people on this website are, I am a reader of MPC. I have noticed that as I am writing this, we are gearing up for a test of the top of the downtrend channel that MPC defined from time immemorial. While noticing this, I saw this head and shoulders in development, where the start of the next shoulder would be due to a heavy kickback from hitting the resistance at the top of the channel. However, by completing the shoulder and going up for a retest, the head and shoulders formation may well give us enough momentum to puncture the heavy resistance of that top line and complete the right shoulder of the absolutely ginormous head and shoulders that I mentioned a little while ago. As of right now, I am placing my buy order somewhere around $10,100, which should be moderately deep in the right shoulder but not too deep, since I want to confirm that my buy order does actually go through.

Comments and likes are met with the truest and warmest appreciation from the depths of my heart!

27 Feb 2018

Nota

My buy order is more like 9,875, I was remembering another number. My bad.