Range pattern looking like a copy paste, will it happen?
Nothing spectacular happening until the 14th Feb in fundamental terms. Despite the fact that we look like we hit the potential top of this range multiple times we can see a pattern happening.
The pattern in the chart is not bullish it can just confirm the range, the possible outcome when exiting the range still has bearish chances.
Conclusion: Pattern can repeat itself, and can be invalidated on the blue line at $22.304. If that point is broken we have thin air until the previous range.
The pattern in the chart is not bullish it can just confirm the range, the possible outcome when exiting the range still has bearish chances.
Conclusion: Pattern can repeat itself, and can be invalidated on the blue line at $22.304. If that point is broken we have thin air until the previous range.
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