Posting for long-term reference only; DYOR. Includes major trend line, fib lines, fib circles and indicators. Assumptions - the recent 32.8% continuation from the original base is accurate - the recent retrace of 61.8% is accurate Am interested in other perspectives and TA. Thanks
Trade closed: target reached
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DYOR. Let's see how this plays out. Short-term target reached. Short-Term: Am see Bullish Head & Shoulder pattern > point between right H&S to max out at the 200Wema @ ~$20-21. Why? - price hitting ceiling - RSI on 1hr shows price already trending down (Divergence) - Fib Circle (not shown) intersects with 200Wema price point - see 1W RSI history > 8/27/18 - RSI maxed at 85% > 1/11/22 - RSI maxed at 80-85% ?? Next - if H&S pattern is accurate > price will max out at the 200wema at ~ $20-21 > price will retrace to bottom of Right Shoulder to ~$14.15 > price will then trend back