Careful of slight dip down within next few hours
An inverse head and shoulders pattern on 30 minute timeframe was forming until a break in pattern above the neckline. Could still dip back down to the shoulder 56kish before a shot upward, to finish out the cup and handle patterns forming on the 4 hour and daily.
Market Cipher free version isn’t as robust as the paid, but typically following the trend waves and MFI line shows a pretty good picture. The waves aren’t quite strong enough to confirm the straight shot up breaking the inverse H&S forming.
Overall, opening a long below 58k and closer to 57k isn’t too bad of a bet.
Market Cipher free version isn’t as robust as the paid, but typically following the trend waves and MFI line shows a pretty good picture. The waves aren’t quite strong enough to confirm the straight shot up breaking the inverse H&S forming.
Overall, opening a long below 58k and closer to 57k isn’t too bad of a bet.
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