From entry to target, we are looking at nearly $1k, if this plays out. If I would have noticed this sooner, I would have entered a much larger order.
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- H&S #1: $7k
- H&S #2: $7.8k
- H&S #3: $8.1k
- Bear Flag: $6.8k
In addition, I noticed some confluence with the previous dump.
- Small H&S formed before massive dump.
- With a breakdown from a rising wedge
We are currently retesting the rising wedge. If it is able to come down from here, we may have ourselves a nice surprise. The 1H MACD looks like we have the momentum for further downside from here and 4H chart is starting to show signs of a bearish downturn.