H&S forming on descending volume short entry on horizontal break expect throwback and denial at horizontal IF horizontal support breaks SL above R shoulder IF horizontal support breaks 1.618 fib and measured move shown - likely support somewhere in that zone Breaking 10k and holding there would be tough imo
Possible to bullishly invalidate another up trending Pitchfork here. I've added a 1.25 zone which fits both as resistance and support on either PF. These together suggest price is either the top or bottom of the zone depending on trend speed shift. More likely than not that this will represent more bullish invalidation of an up trending pitchfork which gives the ...
Publishing this now in case in one wants to follow along. ML (red) of pf always a mean reversion target of trend. I've added 1.272 and 1.618 to the pf. These are fib extensions and not necessarily the usual 1.5 or 2 extensions you could use on pitchforks. Reason being fib extensions fit better than the latter.
Rising Wedge + Bear Divergence (Vol/RSI) into R5 yearly pivot Should breakdown when 3/4 full Target = 200EMA, kumo support, yearly R2, 50% fib = $30-34 Stop = new AllTimeHigh Expect RSI to reset <30 if 200EMA is hit Alternatively, place bids on target instead of risking getting bulldozed shorting the bull trend.