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MarketMotion
Apr 12, 2021 1:06 AM

GLM - IH&S Pattern Detected 

GLM / Tether USDHTX

Description

Forming right shoulder of the IH&S pattern. Above neckline (red line) at $.6226 (lowest risk entry) has an implied move of $.168 and PT of $.791. Support zones are the green lines. A drop below the left shoulder support would invalidate this pattern and where your stop loss should be (a few cents under)

Order cancelled

Never broke neckline - pattern failed
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