Head and shoulders reversal signal that I believe won't take it down terribly far. Perhaps .055 but not much lower than that before another move upward toward .10
Note
Seems to be a rising wedge pattern with the .085 area as the top. I'm bearish on Note
Another perspective on this from a different time frame, it's clearly in a parabolic action. That doesn't usually last, and it's failed twice at trying to reach the previous ATH. I'm taking this as a signal that a hard and fast crash is in the mail. It could bounce off of any of the previous trendlines below there, but we'll just have to wait and see which. Note
Hard and fast crash came as expected. About time I got something right regarding this. Sheesh.Disclaimer
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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.