What do you think of this?
Showing signs of recurrence.
Signs of retracement from this price to 70:
1. Inverse head and shoulders target reached (AUTO is not included in this chart)
2. On Weekly timeframe (This is Monthly Chart) RSI reached 83
3. Move has previously been done back in the dot com hype
4. Matching retracement drop in % (retrace to 50/100MA)
5. Red lined resistance box tested
Matching indicators between the 2 squares
6. RSI date length in boxes (1247D)
7, RSI moves (both first 80 then oversold then overbought)
8. Red lined Resistance box
9. 50 MA crossing the 100 MA
When is this chart invalid?
10. Break Out Red Lined resistance box within 1 year from now.
11. Breaking down the 50/100 MA support within 2 years from now
Signs of retracement from this price to 70:
1. Inverse head and shoulders target reached (AUTO is not included in this chart)
2. On Weekly timeframe (This is Monthly Chart) RSI reached 83
3. Move has previously been done back in the dot com hype
4. Matching retracement drop in % (retrace to 50/100MA)
5. Red lined resistance box tested
Matching indicators between the 2 squares
6. RSI date length in boxes (1247D)
7, RSI moves (both first 80 then oversold then overbought)
8. Red lined Resistance box
9. 50 MA crossing the 100 MA
When is this chart invalid?
10. Break Out Red Lined resistance box within 1 year from now.
11. Breaking down the 50/100 MA support within 2 years from now
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