I have been short on pepe for while, it still looks extremely bearish in my opinion but what do I know lol, price still below the 50 on the 4 hour time frame, until price moves to the 50 I am holding the short open, I see a couple of new patterns also for additional layers of confluence, rising head and shoulders also an inverted cup and handle oh and rising...
I have done my best to try and educate and help those who are willing to listen, I know nothing is guaranteed in trading but sometimes the bigger picture does wonders for a game plan. Never the less, following measured moves still incoming for Arb, 1.0468 then down to a1.01 hopefully no one is holding on to any long positions its about to get ugly... happy trading folks
If you zoom out you can see the Bart Simpson pattern formed on the 15 min, back to the measured move of 1.1215 then lower projections will come into play 1.07,1.04 and 1.01.. bang bang
