EWT out of Energy H&S weekly rejection -80% Target .75c-1.20

Dec 28, 2022

Not financial advice
We have a weekly head and shoulders rejection without considering the blowoff top of 50.00 that is a 80% loss from bottom of the shoulder to the top of the head.
Now currently we have a double top rejection pattern at 5.50 apply that 80% loss from 5.50
Target area in orange at 1.10-1.20
If we apply the double top rejection at 15.85 to the low of 2.10 that is a rejection of 87.5%
An 87.5% rejection target entry area would be .75c
So optimal long term entries would be between .75c and 1.20 for accumulation
Remember DYOR
#PIK
Patience is Key
#TLAW
Think Like A Whale

Oct 6, 2023

Trade active

10 months in the making but another power call brought to you by Think Like A Whale Trading Group.
Patience Is Key. Said .75-1.50 is target so far hit 1.70 expectation of a reject at around 2-2.20 range before coming down to finally meet target.