Inverted daily H & S

7 Jan

What I'm seeing on the daily is either a cup and handle or an inverted head and shoulders pattern on the daily. The Cup & Handle would obviously create more bullish pressure sooner than later. A break down would likely confirm an inverted head and shoulders, finding support at around $2,850, corresponding with a break above the 4K resistance and back to all time highs. NFA, DYOR

7 Jan

Dagangan aktif

Meant $4,000 resistance*

14 Jan

Dagangan ditutup: sasaran tercapai

Target was ridiculously close to my price target of $2850, with a low closed near $2925. Would not be surprised to see another bounce off that area, but looks like a good V-shape recovery and the risk/reward at this level is outstanding. I anticipate the next target to be around $4800, then off to price discovery. NFA, DYOR, LFG!!