Coordinates are little bit funky. But the pattern is established and clear with a midpoint of $142. Ichimoku Cloud, MA Cross (50, 100), Net Volume, and Stoch RSI offer further support for this pattern.
Support if you like. I'm not a pro...
RSI never exceeds RSI 90. Pattern is consistent across entire historical time-frame.
Currently at RSI 62 ($173) and heading toward RSI 90 with limited price movement which signals a divergence.
Trend is short. Range is $183-$118 in the next 5 days followed by a move to $80. My strike area is $89.
ABCD pattern is obvious across 2-3 weeks of price action.
RSI indicator suggests static trading between $135-130. Meanwhile, volume and supply suggest no new buyers at this price point; and lack of volatility suggests no meaningful profits being taken i.e. no sellers at this price point either. A decisive move above or below this price range (read: $160 or...
• Price should breakout by EOD Saturday.
• ABCD pattern would suggest a much-awaited short that finds bottom between $110-$100. Fib .618 then suggests a decisive trend reversal at $103 at which point price should break $200+.
• Sell between $138-$140 over the next 2-3 days. Don't get greedy. Sub $100 is a pipedream.
• Bulls will be feverish in April.