Over 100 reputation points! Thanks!
There are three major (dark pink) trend lines converging here, probably in the next week, on the exact horizontal line where I had my giant H&S target. I deleted the H&S to clean up the chart a little, but you can see it on previously published charts.
Get ready for the bounce from that target, which is $7450.
I will consider laddering in orders from this level down to my trusty-old double top target at $6830, where the ATH line and 8 month ascending trendline are also converging with it, if market behavior appears favorable as we approach the convergence.
Isn't geometry fun?!
Of course, I'm just showing you what I see.
Choose your own financial path.
Measure twice, cut once.
May all of life's treasure's be yours.
Like, follow, comment.
I appreciate all of your feedback!
There are three major (dark pink) trend lines converging here, probably in the next week, on the exact horizontal line where I had my giant H&S target. I deleted the H&S to clean up the chart a little, but you can see it on previously published charts.
Get ready for the bounce from that target, which is $7450.
I will consider laddering in orders from this level down to my trusty-old double top target at $6830, where the ATH line and 8 month ascending trendline are also converging with it, if market behavior appears favorable as we approach the convergence.
Isn't geometry fun?!
Of course, I'm just showing you what I see.
Choose your own financial path.
Measure twice, cut once.
May all of life's treasure's be yours.
Like, follow, comment.
I appreciate all of your feedback!
Note
Idea still valid and price is consolidating nicely to the apex of this wedge. Still expecting a boisterous wave up following breakout.
Disclaimer
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.
Disclaimer
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.