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MikeMM
Mar 27, 2024 4:25 PM

M shape forming Long

Reddit, Inc.NYSE

Description

Some form of double top, lower high, or slightly higher high is forming IMO.

Since this is so new you have to go do the 5 minute chart, which for some reason tradingview will not allow me to publish.

but if you go there, the RSI is bullishly diverging for another attempt of up.

After the double top is in place then big down only. Nice swings INC :)
Comments
Fibonaccivix
M shape rallying , good call
Fibonaccivix
Right at the .786
Fibonaccivix
5 min chart appears to show a base forming with zigzagging buying , I think the selloff may be over
Fibonaccivix
Yup and ZERO BULLS , so the wise investor says, buy when people are fearful and sell when they’re greedy
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