Here's a cheeky fractal I'm keeping an eye on.
As you can see, there is messy head and shoulders-ish PA happening on this timeframe, and it is unclear whether the neckline is broken already or if the pattern is even valid. The right "shoulder" looks pretty sad to me.
I do expect volatility to compress horrendously, just like we saw through June and July of 2021. Perhaps it will end in a short squeeze just like before?
I'll look for a reversal on the break of that fractal, bitcorn loves to feast on trapped short sellers.
This post is for entertainment only, I am truly an awful trader.
As you can see, there is messy head and shoulders-ish PA happening on this timeframe, and it is unclear whether the neckline is broken already or if the pattern is even valid. The right "shoulder" looks pretty sad to me.
I do expect volatility to compress horrendously, just like we saw through June and July of 2021. Perhaps it will end in a short squeeze just like before?
I'll look for a reversal on the break of that fractal, bitcorn loves to feast on trapped short sellers.
This post is for entertainment only, I am truly an awful trader.