Possible Inverted Head and Shoulders on $MARA
Updated
STOCK 
MARA this is a long shot and I hate doing TA this far out. The TA is saying it is currently in a rising wedge, it may bounce around here until hitting the orange resistance box. It may break through it and continue to the upside but, it is more probable that it rejects and corrects down to around $6.10. If that happens it will be the perfect setup for a inverted head and shoulders pattern. A few way to play this...
1 enter now play the rising wedge until it hits the orange box.
2. wait until it hits the orange box, identify its up or down direction. if it breaks up ride it until $30, If it breaks down wait until it forms the right shoulder and ride it up to $30 taking profits along the way.
Patience is key! You Must PLAN EVERY trade! If you are in any stocks and want to see what my thoughts are or just overheard someone talking about one let me know.
MARA this is a long shot and I hate doing TA this far out. The TA is saying it is currently in a rising wedge, it may bounce around here until hitting the orange resistance box. It may break through it and continue to the upside but, it is more probable that it rejects and corrects down to around $6.10. If that happens it will be the perfect setup for a inverted head and shoulders pattern. A few way to play this...1 enter now play the rising wedge until it hits the orange box.
2. wait until it hits the orange box, identify its up or down direction. if it breaks up ride it until $30, If it breaks down wait until it forms the right shoulder and ride it up to $30 taking profits along the way.
Patience is key! You Must PLAN EVERY trade! If you are in any stocks and want to see what my thoughts are or just overheard someone talking about one let me know.
Note
As of the current market situation, MARA appears to be at the shoulder line of a inverse head and shoulders pattern. My strategy is to enter a short position at this point and aim to capture the potential downward movement. It's essential to note that the market has evolved since I initially identified this pattern, so I'm monitoring its behavior closely.However, I'm also mindful of the possibility that the market might take a different direction. If I observe signs of a bullish move instead, I'll be ready to adapt and open a long position. This approach aligns with the scenario that holds the highest probability of playing out successfully.
Always exercise caution and follow the market's cues to make informed trading decisions. Best of luck with your trades!
Note
Note
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