I agree. It looks like there is a left shoulder and a head, and if price is rejected in 225-245 zone, then that would form the right shoulder. of an SHS formation. Although I think price is likely to stop around 150-151 (the high of Dec 11). The bullish scenario would be that price bounces a bit along the 225-245 zone. then continues up ... .
Kevins1987
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I get the same
NetEddy
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Why the massive drop?
PonziCandle
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@NetEddy, Hello. The way I see it through price action, after making new local highs price likes to come back to test the area near where it broke out from, which in this case is also the yearly pivot area. We could also just hold this area above now and continue higher.