Description
⋅ I will be patiently watching how this ihs in formation unfolds.
Drop below right shoulder should indicate failure.
Comment
⋅ Additionally there is a small double bottom forming on smaller timeframes.
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⋅ See small blue parallel trendlines.
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⋅ I'm having some doubts this will succeed, as there is no buying pressure...
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⋅ And it did go up. I scalped a small short there, but nothing serious.
Let's see how this unfolds first. I got no better idea here.