The next run up could get us close to $60k again, but if the neckline breaks on this pattern and holds under, the low target is close to $3,500.
Note
It appears the right shoulder was much shorter than I expected. We should be heading down to the target now that the neckline broke.Note
We're about halfway there. A lot of paper hands will still be shaken out of this market. Dollar is king for the moment.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.