Incoming Head and Shoulders?
Updated
So we look to have hit resistance and formed a head now to see if we form a Right Shoulder and move down.
Retail money normal play these forming patters, but Whales love to just play with retail cash and watch as Shorts are put in place and then then make a fake up move before heading down.
Its 60% we go down 35% we go up and the 5% that we continue up from here to 52.
So im out until I see what happens. But this noob guess is down to the Green support line.
But I would say that long term we go up, just look at that Volume we had the last few days.
Wolf
Retail money normal play these forming patters, but Whales love to just play with retail cash and watch as Shorts are put in place and then then make a fake up move before heading down.
Its 60% we go down 35% we go up and the 5% that we continue up from here to 52.
So im out until I see what happens. But this noob guess is down to the Green support line.
But I would say that long term we go up, just look at that Volume we had the last few days.
Wolf
Note
So my first target has been reached and a small bounce up, will it reach the second target now?Well that i guess that is a Whale game is it not, it depends on how many of us Short.
Before they pump it or drop it.
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