To be honest, this doesn't look good.
You can spot 2 Head and shoulder patterns on the daily chart.
The second one is way smaller, the whole pattern is inside of the right shoulder part of the big one.
If it breaks down the baseline, then we will likely touch the S1 Weekly Pivot at 328,29.
However, I still have hope, because we will need a huge volume. Without it, it could be a false breakout.
Also, we are still making higher lows from the lowest point (Jan 24th)
Good luck all!
You can spot 2 Head and shoulder patterns on the daily chart.
The second one is way smaller, the whole pattern is inside of the right shoulder part of the big one.
If it breaks down the baseline, then we will likely touch the S1 Weekly Pivot at 328,29.
However, I still have hope, because we will need a huge volume. Without it, it could be a false breakout.
Also, we are still making higher lows from the lowest point (Jan 24th)
Good luck all!
