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Perhaps premature but a head and shoulders and a double top and we're over-sold - will we revisit 4550?

AltReports Updated 

A head and shoulders on the 1H has appeared at the neckline of the major 1W head and shoulders significantly increased conviction on the prior idea

AltReports Updated 

Unpopular opinion: TSLA is in a giant head and shoulders pattern. Second shoulder just crossed the neckline. Watching for just a little more falling, maybe 180, then a retest of the neck then entry, then down 80 or lower.

AltReports Updated 

I had been leaning bullish through this compression but it sure looks like a head and shoulders if it doesn't reclaim $3900 soon

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Looks like a bull flag on the Dollar. Maybe down to 109 then a big bounce and carries on after midterms.

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A number of news sources reported in the lat 2 days that J Powell's favorite yield curve as a recession indicator is an inverted 3 month and 10 year. These are now inverted and have only inverted 3 other times according to this data Before the 2000 crash Before the Global Financial Crisis Before Covid lockdowns Its virtually assured at this point...

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Here's a chart of the relationship between building permits (which come out this week) interest rates, and recessions. When rates rise permits drop and recession follows. This week's building permit numbers could be are not likely to be good.

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Bear flag down to $18.5 - Briefly achieved ✔️ Huge rejection on biggest volume since June with one exception. Looks now like an inverse head and shoulders 🤞🏼↗ Also breached long term resistance Waiting for retest $BTC

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Looks like BTC is at the end of a bear flag. Down to $18,500k? Low volume bounce off $19.2

03:56

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Hope this explainer is helpful for any AltReports Newsletter readers who are not familiar with PMI. I'm not an economist and I'm not providing financial advice and I'm always ready to be wrong. And I'm sure you'll tell me in the comments if I am 😆!

AltReports Updated 

Looks like ETH has made a double top attempting to recapture the right shoulder. Target $1350. Lower?

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Not a lot of reason for AVAX to go anywhere else right now. RSI on the daily still above 30. Stops at $23.75

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Looks a lot like a head and shoulders on the 4H and D ETH