It's hard to deny this powerful topping pattern in the making. usually, H&S are continuation patterns (contrary to popular belief) unless they are at a top. Which SMCI is.
So with that in mind, I will urge extreme caution for the bulls. It is better to be out of the market wishing you were in than in the market wishing you were out.
So with that in mind, I will urge extreme caution for the bulls. It is better to be out of the market wishing you were in than in the market wishing you were out.
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So far So good!
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Yet another great example of BKC charting in action. SMCI has now fallen about -30% since my original post.
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Just to put things in perspective
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Yet another fine call Look for another leg lower once it breaks
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