Don't like to paint such an ominous picture but I see potential for H&S within a bull flag with potential preceding fractal -- landing zone $6000-7000? For educational and entertainment only. I am not a pro.
SO the drop has started. The question is how far will we go down? Anyone have any ideas? I am thinking I'll start paying really close attention to RSI and looking for a double bottom with a solid rise with good volume if we get under the $7000 mark and downward.
I plotted the same H+S on the 1day.....IF it happens and IF it follows the rules that puts it at about 5250 which also breaks the granddaddy support line we have been riding for the past 7 months.....thats a gloomy thought
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