Potential head and shoulders pattern forming that would likely result with a retest of the 200 week weighted moving average. Next few weeks could see a big swing either way.
Just my 2 cents but generally a head and shoulders needs a huge bullish candle to make the head. Has a higher probability of working. Ideally you don't want to see it break the 50% retracement for the right shoulder.
jstephe25
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@pegging44, I clearly need to read more about patterns. Thanks for the information.