This might not be the ideal strategy of trading, good to know overall given the strikingly similarities of the fractals. Originally suggested by:
Short it now, great potential in the next 4 hour. Take profit: $24 Stop loss: $29.5
We had a correction as predicted previously. This was a bit bigger than I expected, but it's already looking extremely overbought and will probably correct soon.
It does looks like there are absolutely no bears to further support the dump to $560, despite the strong resistance at $680 and a possible triple top/head & shoulders formation on June 5. A look at this in another perspective: As the formation of the pennant gets slimmer and with a decreasing volume, 70% chance it'll most likely head to the upside with a...